Albrecht, James; Navarro, Lucas; Vroman, Susan - Institute for the Study of Labor (IZA) - 2009
to market productivity, satisfying the Hosios rule leads to excessive vacancy creation. The reason is that the marginal … Hosios rule leads to
excessive vacancy creation. The reason is that the marginal worker does not internalize the
effect of …, efficiency, participation, Hosios rule
Corresponding author:
James Albrecht
Department of Economics
Georgetown …