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Adverse Selection and Incentives in an Early Retirement Program
retirement incentive program adverse selection layoff threat university
2012/10/22
We evaluate potential determinants of enrollment in an early retirement incentive program for non-tenure-track employees at a large university. Using administrative records on the eligible population ...
Wage Dispersion and Labor Turnover with Adverse Selection
adverse selection on-the-job search wage dispersion sorting
2012/10/24
We consider a model of on-the-job search where firms offer long-term wage contracts to workers of different ability. Firms do not observe worker ability upon hiring but learn it gradually over time. W...
An Adverse Selection Model of Optimal Unemployment Insurance
unemployment insurance adverse selection moral hazard
2013/10/25
We derive the shape of optimal unemployment insurance (UI) contracts when agents can exert search effort but face different search costs and have private information about their type. We derive a recu...
Hiring and Firing Costs, Adverse Selection and Long-term Unemployment
Adverse selection turnover costs unemployment worker flows discrimination
2013/10/18
In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment are much lower in Europe compared to North America, while employment-to-employmen...