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...

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Bibliographic details
Volume: 8288
Main Author: Bi, Sheng
Langot, François
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2014
published in: IZA Discussion Papers Vol. 8288
Data of publication: 2014
Subjects:
Online Access: Fulltext
Database: EconStor
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