Aspects of Optimal Unemployment Insurance: Search, Leisure and Capital Market Imperfections
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The object of this paper is to examine the importance of capital market assumptions. A special continuous-time model is developed in sections II-IV which is applicable to the perfect capital market case. It can also be used when there is no capital market at all (section IV). For 'reasonable'
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美国国家经济研究局创建时间：
1977-11-01
