Borradores de Economia
Número:
833
Publicado:
Clasificación JEL:
D91, J32, J64, J65
Palabras clave:
Social Security Payment, Severance Payment, Informal Sector, Hidden Search Effort
Lo más reciente
Diego Fernando Cuesta-Mora, Gómez-Molina Andrés Camilo
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Jaime Alfredo Bonet-Moron, Yuri Carolina Reina-Aranza, Adriana Ortega, Ana Rosa Polanco
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