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010   $a9786612843983
010   $a1-282-84398-2
010   $a1-4518-7335-2
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035   $a(SSID)ssj0000943059
035   $a(PQKBManifestationID)11558965
035   $a(PQKBTitleCode)TC0000943059
035   $a(PQKBWorkID)10975248
035   $a(PQKB)11491964
035   $a(OCoLC)449931755
035   $a(MiAaPQ)EBC1608809
035   $a(IMF)WPIEE2009188
035   $a(EXLCZ)993170000000055338
100   $a20020129d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aSearch in the Labor Market under Imperfectly Insurable Income Risk /$fMauro Roca
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2009.
215   $a38 p
225 1 $aIMF Working Papers
300   $a"September 2009."
311   $a1-4519-1760-0 
330 3 $aThis paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance observed in the U.S. A key mechanism is the joint influence of imperfect insurance and risk aversion in the wage bargaining. The paper also proposes a novel solution to solve this heterogeneous-agent model.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2009/188
606   $aUnemployment
606   $aLabor market
606   $aUnemployment insurance
606   $aInsurance$2imf
606   $aLabor$2imf
606   $aMacroeconomics$2imf
606   $aUnemployment: Models, Duration, Incidence, and Job Search$2imf
606   $aMacroeconomics: Consumption$2imf
606   $aSaving$2imf
606   $aWealth$2imf
606   $aWages, Compensation, and Labor Costs: General$2imf
606   $aInsurance Companies$2imf
606   $aActuarial Studies$2imf
606   $aDemand and Supply of Labor: General$2imf
606   $aLabour$2imf
606   $aincome economics$2imf
606   $aInsurance & actuarial studies$2imf
606   $aUnemployment$2imf
606   $aConsumption$2imf
606   $aWages$2imf
606   $aLabor markets$2imf
606   $aEconomics$2imf
606   $aLabor market$2imf
607   $aUnited States$2imf
615  0$aUnemployment.
615  0$aLabor market.
615  0$aUnemployment insurance.
615  7$aInsurance
615  7$aLabor
615  7$aMacroeconomics
615  7$aUnemployment: Models, Duration, Incidence, and Job Search
615  7$aMacroeconomics: Consumption
615  7$aSaving
615  7$aWealth
615  7$aWages, Compensation, and Labor Costs: General
615  7$aInsurance Companies
615  7$aActuarial Studies
615  7$aDemand and Supply of Labor: General
615  7$aLabour
615  7$aincome economics
615  7$aInsurance & actuarial studies
615  7$aUnemployment
615  7$aConsumption
615  7$aWages
615  7$aLabor markets
615  7$aEconomics
615  7$aLabor market
700   $aRoca$b Mauro$01509600
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788227803321
996   $aSearch in the Labor Market under Imperfectly Insurable Income Risk$93741582
997   $aUNINA