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In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment … characterize the worker`s optimal savings and jobsearch behavior as well as the resulting consumption paths and wealth formation …
Persistent link: https://www.econbiz.de/10001590593
In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment … characterize the worker s optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation … wealth decreases, a finding which is in accordance with our empirical duration analysis using micro data on unemployment …
Persistent link: https://www.econbiz.de/10011398412
Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new model of SGSY having these features: group lending...
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In this paper we consider a risk averse worker who is moving back and forth between employment and unemployment … characterize the worker's optimal savings and job-search behavior as well as the resulting consumption paths and wealth formation … wealth decreases, a finding which is in accordance with our empirical duration analysis using micro data on unemployment …
Persistent link: https://www.econbiz.de/10013321023