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The object of this paper is to examine the importance of capital market assumptions. A special continuous-time model is developed in sections II-IV which is applicable to the perfect capital market case. It can also be used when there is no capital market at all (section IV). For 'reasonable'...
Persistent link: https://www.econbiz.de/10013249174
The object of this paper is to examine the importance of capital market assumptions. A special continuous-time model is developed in sections II-IV which is applicable to the perfect capital market case. It can also be used when there is no capital market at all (section IV). For 'reasonable'...
Persistent link: https://www.econbiz.de/10012478922
Unemployment insurance (UI) distorts firms' layoff decisions by reducing the cost of laying off workers. To dampen this … level of experience rating can reduce unemployment, it can reduce the insurance coverage workers receive. With high … insurance. This article shows that less than full-experience rating enables the government to increase the insurance coverage …
Persistent link: https://www.econbiz.de/10014061880
Unemployment insurance (UI) distorts firms' layoff decisions by reducing the cost of laying off workers. To dampen this … level of experience rating can reduce unemployment, it can reduce the insurance coverage workers receive. With high … insurance. This paper shows that less than full experience rating enables the government to increase the insurance coverage …
Persistent link: https://www.econbiz.de/10014067189