Severance payments in an economy with frictions

We construct a general equilibrium model to evaluate the quantitative effects of severance payments in the presence of contractual and reallocational frictions. Key elements of the model are establishment level dynamics, imperfect insurance markets, and variable search decisions. In contrast to prev...

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Detalles Bibliográficos
Autores principales: Alvarez, F., Veracierto, M.
Formato: JOUR
Materias:
E24
J64
J65
J66
Acceso en línea:http://hdl.handle.net/20.500.12110/paper_03043932_v47_n3_p477_Alvarez
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