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...
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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2000.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2000/009 |
| Accesso online: | Full text available on IMF |