Usted está aquí

Back to top

Optimal Policy with Informal Sector and Endogenous Savings

Luz Adriana
Flórez
Martes, 1 Julio 2014

This paper analyzes the effect of social security and lump sum layoff payment in an economy with an informal sector and savings, where the search effort is unobserved. I characterize the optimal consumption/search/non-participant strategy assuming that wo