๐”– Bobbio Scriptorium
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Endogenous Debt Constraints in Lifecycle Economies

โœ Scribed by Azariadis, Costas; Lambertini, Luisa


Book ID
108534013
Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
360 KB
Volume
70
Category
Article
ISSN
0034-6527

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โœ J.Barkley Rosser Jr; Marina Vcherashnaya Rosser ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 871 KB

This paper examines a model of labor market dynamics in an economy undergoing transition from command socialism to market capitalism. State sector layoffs are modeled as a function of forecasts made by state planners of private sector wages where the laidoff workers are to be re-employed. The state