Search and Retirement under Asymmetric Information
We consider a labor market where the competitive search equilibrium is inefficient due to asymmetrical information. At the time when firms commit to specific hiring costs, workers hold private information on their intention of entering into retirement before the termination of the contract. When ret...
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 2014
|published in:||IZA Discussion Papers Vol. 8288|
|Data of publication:||2014|
Database information Databases - DBIS