Artikel
Insurance-markets Equilibrium with Sequential Non-convex Private- and Public-Sector Labor Supply
This paper describes the lottery- and insurance-market equilibrium in an economy with non-convex private- and public-sector employment. In contrast to Vasilev (2015a, 2015b), the public-sector labor supply decision is a sequential one. This requires two separate insurance market to operate, one for private-sector work, and one for public- sector employment. In addition, given that the labor choice for private- and public- sector hours is made in succession, the insurance market for public employment needs to open once the other insurance market has closed. This segmentation and sequentiality of insurance markets operation is a new result in the literature and a direct consequence of the double non-convexity, and the sequential nature of the sectoral labor supply decision.
- Sprache
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Englisch
- Erschienen in
-
Journal: Journal of Mathematical Economics and Finance ; ISSN: 2458-0813 ; Volume: 2 ; Year: 2017 ; Issue: 2 ; Pages: 19-34 ; Craiova: ASERS Publishing
- Klassifikation
-
Wirtschaft
Time Allocation and Labor Supply
Public Sector Labor Markets
- Thema
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indivisible labor
public employment
sequential lotteries
insurance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Vasilev, Aleksandar
- Ereignis
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Veröffentlichung
- (wer)
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ASERS Publishing
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Craiova
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Vasilev, Aleksandar
- ASERS Publishing
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2017
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