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41 p, 384.9 KB Optimal coexistence of long-term and short-term contracts in labor Markets / Macho-Stadler, Inés ; Pérez-Castrillo, David ; Porteiro Fresco, Nicolás ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
We consider a market where firms hire workers to run their projects and such projects differ in profitability. At any period, each firm needs two workers to successfully run its project: a junior agent, with no specific skills, and a senior worker, whose effort is not verifiable. [...]
2011 (Working papers ; 872.11)  

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