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来源类型Working Paper
规范类型报告
DOI10.3386/w4381
来源IDWorking Paper 4381
Effciency and Equality in a Simple Model of Unemployment Insurance
Andrew Atkeson; Robert E. Lucas, Jr.
发表日期1993-06-01
出版年1993
语种英语
摘要This paper describes the efficient allocation of consumption and work effort in an economy in which workers face idiosyncratic employment risk and considerations of moral hazard prevent full insurance. We impose a lower bound on the expected discounted utility that can be assigned to any agent from any date onward, and show, with this feature added, that the efficient unemployment insurance scheme induces an invariant cross sectional distribution of individual entitlements to utility. The paper thus provides a simple prototype model suited to the study of the normative question: what is the tradeoff between equality and efficiency in resource allocation?
URLhttps://www.nber.org/papers/w4381
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/561750
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GB/T 7714
Andrew Atkeson,Robert E. Lucas, Jr.. Effciency and Equality in a Simple Model of Unemployment Insurance. 1993.
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