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:
E21
J63
J65
I38
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Knowledge
Web of Science - Social Sciences Citation Index – 2019
Web of Science
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Academic OneFile (A&I only)
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