Labor Contracts and Risk Sharing
This paper analyzes the rationale and limits of using labor contracts as a risk-sharing mechanism by (1) discussing types of contracts and their characteristics; (2) deriving the optimal labor contract for risk-neutral firms and risk-averse workers; (3) contrasting the predictions of contract labor...
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| Language: | en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://hdl.handle.net/10986/16325 |