Social insurance and transition:

We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. We find that adding social insurance may slow transition. When t...

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Bibliographische Detailangaben
Hauptverfasser: Atkeson, Andrew 1961- (VerfasserIn), Kehoe, Patrick J. (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, MA 1993
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4411
Schlagworte:
Zusammenfassung:We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. We find that adding social insurance may slow transition. When there are incentive problems in this rematching process, the optimal social insurance scheme may involve forced layoffs and involuntary unemployment.
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