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Consumption and savings with unemployment risk : implications for optimal employment contracts

Pissaridēs, Christophoros A. (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002094022

Employment protection

Pissaridēs, Christophoros A. - In: Labour economics : official journal of the European … 8 (2001) 2, pp. 131-159

Persistent link: https://www.econbiz.de/10001573600

Consumption and savings with unemployment risk : implications for optimal employment contracts

Pissaridēs, Christophoros A. (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001723522

Consumption and Savings with Unemployment Risk : Implications for Optimal Employment Contracts

Pissarides, Christopher A. - 2004

This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment contracts offer severance compensation and sometimes give...

Persistent link: https://www.econbiz.de/10010261928