{"text_format":"2","workbook":"xls","n_sheets":1,"sheets":["report2"],"not_rendered":{"charts":0,"images":0,"macros":0,"external_links":1,"defined_names":1,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"run_cost":"one","rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900","formulas":"cached_only"}

{"sheet":"report2","index":0,"n_rows":45,"n_cols":5,"rows_kept":45,"cut":false,"hidden":false,"merged":[[0,2,0,3],[0,4,0,5],[1,2,1,3],[1,4,1,5],[2,2,2,3],[2,4,2,5],[3,2,3,3],[4,2,4,3],[13,2,13,3],[14,2,14,3],[15,2,15,3],[16,2,16,3],[17,2,17,3],[39,2,39,3],[40,2,40,3],[43,2,43,3]],"flags":["formulas_cached_only"]}
[null,"1.","Record Nr.",null,"UNINA9910973828203321"]
[null,null,"Autore",null,"Roca Mauro"]
[null,null,"Titolo",null,"Search in the Labor Market under Imperfectly Insurable Income Risk / / Mauro Roca"]
[null,null,"Pubbl/distr/stampa",null,"Washington, D.C. : , : International Monetary Fund, , 2009"]
[null,null,"ISBN",null,"9786612843983"]
[{"$nulls":4},"9781462358793"]
[{"$nulls":4},"1462358799"]
[{"$nulls":4},"9781452731902"]
[{"$nulls":4},"145273190X"]
[{"$nulls":4},"9781282843981"]
[{"$nulls":4},"1282843982"]
[{"$nulls":4},"9781451873351"]
[{"$nulls":4},"1451873352"]
[null,null,"Edizione",null,"[1st ed.]"]
[null,null,"Descrizione fisica",null,"38 p"]
[null,null,"Collana",null,"IMF Working Papers"]
[null,null,"Disciplina",null,"331.1"]
[null,null,"Soggetti",null,"Unemployment"]
[{"$nulls":4},"Labor market"]
[{"$nulls":4},"Unemployment insurance"]
[{"$nulls":4},"Actuarial Studies"]
[{"$nulls":4},"Consumption"]
[{"$nulls":4},"Demand and Supply of Labor: General"]
[{"$nulls":4},"Economics"]
[{"$nulls":4},"Income economics"]
[{"$nulls":4},"Insurance & actuarial studies"]
[{"$nulls":4},"Insurance Companies"]
[{"$nulls":4},"Insurance"]
[{"$nulls":4},"Labor markets"]
[{"$nulls":4},"Labor"]
[{"$nulls":4},"Labour"]
[{"$nulls":4},"Macroeconomics"]
[{"$nulls":4},"Macroeconomics: Consumption"]
[{"$nulls":4},"Saving"]
[{"$nulls":4},"Unemployment: Models, Duration, Incidence, and Job Search"]
[{"$nulls":4},"Wages"]
[{"$nulls":4},"Wages, Compensation, and Labor Costs: General"]
[{"$nulls":4},"Wealth"]
[{"$nulls":4},"United States"]
[null,null,"Lingua di pubblicazione",null,"Inglese"]
[null,null,"Formato",null,"Materiale a stampa"]
[null,null,null,"Livello bibliografico","Monografia"]
[null,null,null,"Note generali","\"September 2009.\""]
[null,null,"Nota di contenuto",null,"Cover 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 Δ -- References -- Footnotes."]
[null,null,null,"Sommario/riassunto","This 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."]