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This paper develops a theory of employment guarantees when labor markets are imperfect and when the credibility of … contestability in the private labor market. The paper then considers the issue of credibility and solves for an incentive compatible …
Persistent link: https://www.econbiz.de/10010921225
ranging from a contestable labor market to a simple universal unemployment benefit. The credibility of any such target …
Persistent link: https://www.econbiz.de/10005761942
This paper develops a theory of employment guarantees when labor markets are imperfect and when the credibility of … contestability in the private labour market. The paper then considers the issue of credibility and solves for an incentive compatible …
Persistent link: https://www.econbiz.de/10005666558
Both raw intuition and past experience suggest that the success of an employment guaranteescheme (EGS) in safeguarding the welfare of the poor depends both on the wage itpromises, and the ease with which any worker can gain access. An EGS is thus at once awage guarantee and a rationing device....
Persistent link: https://www.econbiz.de/10005862300
This compendium of entries on the economics of Africa provides thematic and country perspectives by more than 100 leading economic analysts of Africa. The contributors include: the best of young African researchers based in Africa; renowned academics from the top universities in Africa, Europe and...
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