Involuntary Unemployment and Implicit Contracts
Involuntary Unemployment and Implicit Contracts
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非自愿失业和隐性合同
DOI:
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发表时间:
1983
期刊:
影响因子:
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通讯作者:
V. Chari
中科院分区:
文献类型:
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作者:
V. Chari
This paper provides an explanation of involuntary umemployment arising as a consequence of asymmetric information between firms and workers. Involuntary unemployment is defined as a situation where ex post gains to trade exist. A model of labor contracts is developed where the allocations are not ex post optimal. It is shown that inferiority of leisure is a necessary and sufficient condition for the existence of involuntary unemployment.