Search , Self - Insurance and Job - Security Provisions By : Fernando Alvarez and Marcelo

Abstract

We construct a general equilibrium model to evaluate the quantitative e¤ects of severance payments in the presence of contracting and reallocational frictions. Key elements of the model are: 1) establishment level dynamics, 3) imperfect insurance markets, and 4) variable search decisions. Contrary to previous studies that analyzed severance payments in… (More)

Topics

10 Figures and Tables

Slides referencing similar topics