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
Diana Ricciulli-Marin, Mateo Uribe-Castro
Ana María Iregui-Bohórquez, Ligia Alba Melo-Becerra, María Teresa Ramírez-Giraldo, Jorge Leonardo Rodríguez Arenas
Francisco Javier Lasso-Valderrama, Carmiña Ofelia Vargas-Riaño
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