LEADER 00989nas 2200325 c 450 001 9910893745903321 005 20171205215803.0 035 $a(CKB)5280000000201244 035 $a(DE-599)ZDB2827138-5 035 $a(DE-101)1073548236 035 $a(EXLCZ)995280000000201244 100 $a20150707b20082009 |y | 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAnnual report and resource accounts / Crown Prosecution Service$efor the period ... to ... from the Director of Public Prosecutions to the Attorney General 210 31$aLondon$cThe Stationery Office$d2008-2009 215 $aOnline-Ressource 300 $aGesehen am 07.07.15 608 $aZeitschrift$2gnd-content 676 $a340 801 0$b0355 801 1$bDE-101 801 2$b9001 906 $aJOURNAL 912 $a9910893745903321 996 $aAnnual report and resource accounts$94233002 997 $aUNINA LEADER 05181oam 22011654 450 001 9910973828203321 005 20250426110730.0 010 $a9786612843983 010 $a9781462358793 010 $a1462358799 010 $a9781452731902 010 $a145273190X 010 $a9781282843981 010 $a1282843982 010 $a9781451873351 010 $a1451873352 035 $a(CKB)3170000000055338 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(IMF)WPIEA2009188 035 $aWPIEA2009188 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a38 p 225 1 $aIMF Working Papers 300 $a"September 2009." 311 08$a9781451917604 311 08$a1451917600 327 $aCover Page -- Title Page -- Copyright Page -- Contents -- I. Introduction -- II. The Model -- A. Labor Market -- B. Consumers -- C. Firms -- 1. Wage determination -- D. Government -- E. Stationary Equilibrium -- III. Solution method -- A. Fast-turnover limit -- B. Approximation -- 1. Steady state -- 2. Approximation around steady state -- IV. Quantitative analysis -- A. Calibration -- B. The effects of idiosyncratic risk -- 1. Effects of Idiosyncratic Risk on the Labor Market -- 1. Approximation to Consumption Functions -- 2. Effects of Idiosyncratic Risk on Consumption and Capital -- C. Optimal replacement rate -- 2. Variations in Welfare -- 3. Effects of Unemployment Insurance -- 4. Effects of Idiosyncratic Risk -- V. Conclusions -- I. Derivation of the solution to the wage bargaining -- II. Fast-turnover limit -- A. Derivation of the Euler condition -- B. Derivation of the wage equation -- III. Approximation around the steady state -- A. Response to individual asset holdings -- B. Response to the length of the time interval ? -- References -- Footnotes. 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 $aActuarial Studies$2imf 606 $aConsumption$2imf 606 $aDemand and Supply of Labor: General$2imf 606 $aEconomics$2imf 606 $aIncome economics$2imf 606 $aInsurance & actuarial studies$2imf 606 $aInsurance Companies$2imf 606 $aInsurance$2imf 606 $aLabor market$2imf 606 $aLabor markets$2imf 606 $aLabor$2imf 606 $aLabour$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aUnemployment$2imf 606 $aUnemployment: Models, Duration, Incidence, and Job Search$2imf 606 $aWages$2imf 606 $aWages, Compensation, and Labor Costs: General$2imf 606 $aWealth$2imf 607 $aUnited States$2imf 615 0$aUnemployment. 615 0$aLabor market. 615 0$aUnemployment insurance. 615 7$aActuarial Studies 615 7$aConsumption 615 7$aDemand and Supply of Labor: General 615 7$aEconomics 615 7$aIncome economics 615 7$aInsurance & actuarial studies 615 7$aInsurance Companies 615 7$aInsurance 615 7$aLabor market 615 7$aLabor markets 615 7$aLabor 615 7$aLabour 615 7$aMacroeconomics 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aUnemployment 615 7$aUnemployment: Models, Duration, Incidence, and Job Search 615 7$aWages 615 7$aWages, Compensation, and Labor Costs: General 615 7$aWealth 676 $a331.1 700 $aRoca$b Mauro$01816616 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910973828203321 996 $aSearch in the Labor Market under Imperfectly Insurable Income Risk$94372865 997 $aUNINA