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Financing constraints and fixed-term employment contracts
Caggese, Andrea; Cuñat, Vicente - Department of Economics and Business, Universitat … - 2006
This paper studies the interactions between financing constraints and the employment decisions of firms when both fixed-term and permanent employment contracts are available. We first develop a dynamic model that shows the effects of financing constraints and firing costs on employment...
Persistent link: https://www.econbiz.de/10005772019
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A positive theory of geographic mobility and social insurance
Hassler, John; Mora, José V. Rodríguez; Storesletten, … - Department of Economics and Business, Universitat … - 2001
in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance … high unemployment, low geographical mobility and high unemployment insurance, and one 'American' steady-state featuring low … unemployment, high mobility and low unemployment insurance. …
Persistent link: https://www.econbiz.de/10005827462