receive higher wages than employed singles. The model is applied to a welfare analysis of alternative unemployment insurance …

lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are identical and firms … differ only in job security (i.e. the probability that the worker is not sent into unemployment). In a setting where workers … risky tail of the distribution of firm-level unemployment risk. Meanwhile, unemployment becomes persistent for low-wage and …

for an employer to give workers autonomy in effort or task choice, and can propagate shocks to unemployment. …

unemployment. …