Insurance markets Equilibrium with Sequential Non convex Private and Public Sector Labor Supply

Aleksandar Vasilev

Journal of Mathematical Economics and Finance, 2016, vol. 2, issue 2, 19-34

Abstract: This paper describes the lottery and insurance market equilibrium in an economy with non convex private and public sector employment In contrast to Vasilev 2017 2015 the public sector labor supply decision is a sequential one This requires two separate insurance market to operate one for private sector work and one for public sector employment In addition given that the labor choice for private and public sector hours is made in succession the insurance market for public emloy ment needs to open once the other insurance market has closed This segmentation and sequentiality of insurance markets operation is a new result in the literature and a direct consequence of the double non convexity and the sequential nature of the sectoral labor supply decision

Date: 2016
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Related works:
Journal Article: Insurance-markets Equilibrium with Sequential Non-convex Private- and Public-Sector Labor Supply (2017)
Working Paper: Insurance-markets Equilibrium with Sequential Non-convex Private- and Public-Sector Labor Supply (2016)
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