Optimal policy with informal sector and endogenous savings
Borradores de Economía; No. 833
Date published
2014-07-23Date of last update
2014-07-23Author
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper analyzes the effect of social security and lump sum layoff payment in an economy with an informal sector and savings, where the search effort is unobserved. I characterize the optimal consumption/search/non-participant strategy assuming that wo
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https://repositorio.banrep.gov.co/handle/20.500.12134/6120https://hdl.handle.net/20.500.12134/6120
https://doi.org/10.32468/be.833
https://ideas.repec.org/p/bdr/borrec/833.html
https://ideas.repec.org/p/col/000094/011960.html
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