Sousa, João Brogueira de; Díaz-Saavedra, Julián; … - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 3, pp. 513-556
In an overlapping generations economy with incomplete insurance markets, the introduction of an employment fund-akin to the one introduced in Austria in 2003, also known as 'Austrian backpack'-can enhance production efficiency and social welfare. It complements the two classical systems of...