Title of article
Which workersgetinsurancewithinthefirm
Author/Authors
David Lagakos، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
14
From page
632
To page
645
Abstract
Industry-leveltimeseriesdatasuggestthatlow-skilledworkersgetlessinsurance
withinthefirmthanhigh-skilledworkers.Inparticular,wagesrespondrelativelymore
to productivityshocksinlow-skilledindustriesthanhigh-skilledindustries.Ourtheory
is thatlow-skilledworkersgetrelativelylessinsurancefromtheirfirmsbecausethey
have relativelylowerdisplacementcosts.Underlimitedcommitment,lowerdisplace-
mentcostsmaketheworkers’outsideoptionsmoreattractive,andhencedecreasethe
amountofrisksharingsustainablewithinthefirm.Evidenceonaveragedisplacement
costs byindustrysupportthetheory’spredictions
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846499
Link To Document