Browsing ECO Working Papers by Author "RENDAHL, Pontus"

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Browsing ECO Working Papers by Author "RENDAHL, Pontus"

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    Title: Asset Based Unemployment Insurance  Author(s): RENDAHL, Pontus Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper studies a model of optimal redistribution policies in which agents face unemployment risk and in which savings may provide partial self-insurance. Moral hazard arises as job search effort is unobservable. The ...
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    Title: Inequality Constraints in Recursive Economies  Author(s): RENDAHL, Pontus Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Dynamic models with inequality constraints pose a challenging prob- lem for two major reasons: Dynamic Programming techniques often necessitate a non established differentiability of the value function, while Euler ...