Deposit-Refundon Labor : A Solution to Equilibrium Unemployment? /
The paper studies the employment effects of a deposit-refund scheme on labor in a simple search-theoretic model of the labor market. It is shown that if a firm pays a deposit to the government when it fires a worker, to be refunded when it employs the same or another worker, the vacancy rate increas...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2000
|
| Series: | IMF Working Papers; Working Paper ;
No. 2000/009 IMF eLibrary |
| Subjects: |