A rational inattention unemployment trap

A rational inattention unemployment trap

We show that introducing rational inattention into a model with uninsurable unemployment risk can generate multiple steady states, when the model with full information has a unique steady state. The model features persistent, heterogeneous labour market expectations, consistent with survey evidence....

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoirí:	Ellison, M, Macaulay, A
Formáid:	Journal article
Teanga:	English
Foilsithe / Cruthaithe:	Elsevier 2021

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