Inefficient continuation decisions, job creation costs, and the cost of business cycles

DOI10.3982/QE253MaRDI QIDQ4586293zbMATH OpenFDO

Authors Wouter J. Den Haan, Petr Sedlacek

Publication date 12 September 2018

Published in Quantitative Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/QE253

zbMATH Keywords

agency problempermanent job losswelfare

Mathematics Subject Classification ID

Applications of statistics to economics (62P20)

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• The (un)importance of unemployment fluctuations for the welfare cost of business cycles

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