Pinheiro, Roberto B.; Visschers, Ludo - Volkswirtschaftliche Fakultät, … - 2012
lack of compensating differentials for unemployment risk can arise in equilibrium when all workers are identical, and firms … differ, but do so only in offered job security (the probability that the worker is not sent into unemployment). In a setting … the distribution of firm-level unemployment risk. As a result, unemployment spells become persistent for low-wage and …