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A continuous theory of income insurance
Lindbeck, Assar; Persson, Mats - 2010
In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual's health sheds new...
Persistent link: https://www.econbiz.de/10010270506
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A Continuous Theory of Income Insurance
Lindbeck, Assar; Persson, Mats - 2010
In this paper we treat an individual's health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual's health sheds new...
Persistent link: https://www.econbiz.de/10010320225
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A Continuous Model of Income Insurance
Lindbeck, Assar; Persson, Mats - 2008
We develop a simple yet realistic model of income insurance, where the individual's ability and willingness to work is treated as a continuous variable. In this framework, income insurance not only provides income smoothing, it also relieves the individual from particularly burdensome work. As a...
Persistent link: https://www.econbiz.de/10010320311
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The insider-outsider theory: a survey
Lindbeck, Assar; Snower, Dennis J. - 2002
costs influence insider wages and outsiders? opportunities and how these costs affect employment and unemployment. We also … address the more complex, and open, question of how employment and unemployment move through time, in response to labor market … shocks. The second section deals with the insider-outsider theory in relation to two important economic institutions: unions …
Persistent link: https://www.econbiz.de/10010292491