Showing 1 - 10 of 256
chapter, we consider the problem of unemployment insurance in a repeated moral hazard framework. Unlike the existing … large unemployment spells, payments suddenly drop to zero and participation in the hidden labor market jumps. Altogether …, the optimal unemployment insurance system in an economy with a hidden labor market is simple, it has a relatively flat …
Persistent link: https://www.econbiz.de/10009482972
, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …
Persistent link: https://www.econbiz.de/10009432547
the one hand, lower reservation wages reduce unemployment duration, but on the other hand, agents have shorter spells of … active search and hence higher exit rate from unemployment into nonparticipation. The effect of these measures on total … employment is ambiguous in the model. Simulations show that there are cases when reduction of the unemployment benefits …
Persistent link: https://www.econbiz.de/10009450193
Im Fahrzeugbau und im Verkehrswesen hat die praktische Umsetzung von Ubiquitous Computing Technologien einen hohen Grad erreicht. Unter diesem Begriff ist die Ausstattung unterschiedlicher Gegenst?nde mit Prozessoren und Sensoren zu verstehen, welche in der Lage sind, Daten ?ber ihren eigenen...
Persistent link: https://www.econbiz.de/10009482327
Medicare has recently experienced the largest expansion of benefits since its in- ception: the inclusion of prescription drug coverage under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The policy debate has mainly focused on estimating the cost of implementing the...
Persistent link: https://www.econbiz.de/10009438528
Over the last two decades, bank credit has evolved from the traditional relationship banking model to an originate-to-distribute model where banks can originate loans, earn their fee, and then sell them off to investors who desire such exposures. We show that the borrowers whose loans are sold...
Persistent link: https://www.econbiz.de/10009441128
Two complementary sources of information are studied in a multiperiod agency model. One is an accounting source which partially but credibly conveys the agent’s private information through accounting recognition. The other is an unverified communication by the agent (i.e., a self-report). In a...
Persistent link: https://www.econbiz.de/10009441137
Moral hazard is widely reported as a problem in credit and insurance markets, mainly arising from information asymmetry. Although theorists have attempted to explain the success of Joint Liability Lending (JLL) schemes in mitigating moral hazard, empirical studies are rare. This paper...
Persistent link: https://www.econbiz.de/10009442550
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
Cooperative formation in agriculture sometimes occurs in response to the exit of a private firm and typically requires substantial equity investment by participating farmers. What economic rationale can explain why farmers are willing to contribute capital to an activity that (apparently) fails...
Persistent link: https://www.econbiz.de/10009443081