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; delegation problem ; moral hazard ; search theory …
Persistent link: https://www.econbiz.de/10009006957
This paper examines the determinants of unemployment duration in a competing risks framework with two destination states, namely, inactivity and employment. The major innovation is our recognition of defective risks. We first use a polynomial hazard function to test for the presence of...
Persistent link: https://www.econbiz.de/10011403396