Effciency and Equality in a Simple Model of Unemployment Insurance
收藏NBER1993-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4381
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资源简介：
This paper describes the efficient allocation of consumption and work effort in an economy in which workers face idiosyncratic employment risk and considerations of moral hazard prevent full insurance. We impose a lower bound on the expected discounted utility that can be assigned to any agent from
提供机构：
美国国家经济研究局
创建时间：
1993-06-01
