CZECH ECONOMIC REVIEW
CZECH ECONOMIC REVIEW
The Czech Economic Review (CER) presents original, rigorously peer-reviewed research in economics with solid microeconomic grounds. Coverage includes both theoretical and methodological articles (game theory, mathematical methods in economics) as well as empirical articles (political economy, institutional economics, and public economics). CER encourages also short communications (usually limited to 2,000 words) that provide an instrument of rapid and efficient dissemination of new results, models and methods in above mentioned fields of economic research. One of the primary purposes is to serve as a common ground for economists and political scientists who explore political economy from a formal perspective (positive political economy, public choice and social choice, political economics). Another goal is to attract key contributions of gifted European junior economists. Journal is indexed in international bibliographical databases Scopus, EconLit, EBSCO, RePEc, CEEOL, and Google DOAJ.
The Czech Economic Review is published by Charles University in Prague. The journal has been established in year 2007 as a descendant to a traditional Czech-written outlet, Acta Universitatis Carolinae Oeconomica (AUCO). Three issues are published per volume. All articles and communications are available online for free. Printed copies can also be ordered.

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CZECH ECONOMIC REVIEW, Vol 2015 No 1 (2016)

Insurance-Markets Equilibrium with Double Indivisible Labor Supply

Aleksandar Vasilev

zveřejněno: 31. 03. 2016

Abstract

This note describes the lottery- and insurance-market equilibrium in an economy with both private and public sector employment and non-convex labor supply. In addition, when households are constrained to search for jobs only in a certain sector, the framework requires that there should be separate insurance markets: a public and a private sector one, which would pool the unemployment risk of the corresponding group of households. The unemployment insurance market segmentation is a new result in the literature and a direct consequence of the non-convexity of the labor supply in each sector and the sorting effect of the sector-type shock introduced in the model setup.

klíčová slova: indivisible labor; public employment; insurance

157 x 230 mm
vychází: 3 x ročně
ISSN: 1802-4696
E-ISSN: 1805-9406

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