Labor-market frictions, incomplete insurance and severance payments

We analyze the effects of government-mandated severance payments in a rich life-cycle model with search-matching frictions in the labor market, risk-averse agents and imperfect insurance against idiosyncratic shocks. Our model emphasizes a tension between worker-firm wage bargains and consumption sm...

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Bibliographic details
Volume:	31
Main Author:	Lalé, Etienne
Format:	Journal Article
Language:	English
Zielgruppe:	Academic
Place of publication:	SAN DIEGO Elsevier Inc 01.01.2019 ACADEMIC PRESS INC ELSEVIER SCIENCE Elsevier B.V
published in:	Review of economic dynamics Vol. 31; pp. 411 - 435
Data of publication:	January 2019
ISSN:	1094-2025 1096-6099
EISSN:	1096-6099
Discipline:	Economics
Subjects:	Severance payments Labor-market frictions Welfare Precautionary savings Economics Business & Economics Social Sciences Severance payments E21 Labor-market frictions Welfare J63 Precautionary savings J65 I38 WAGE JOB SECURITY EMPLOYMENT PROTECTION WORKER FLOWS COSTS EQUILIBRIUM SAVINGS UNEMPLOYMENT CONSUMPTION
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index – 2019 Web of Science CrossRef Academic OneFile (A&I only) Database information Databases - DBIS