English, Article edition: The Welfare Effects of Mobility Restrictions Byeongju Jeong

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The Welfare Effects of Mobility Restrictions
Author
  • Byeongju Jeong
Physical Description
  • article
Notes
  • Mobility restrictions (e.g., severance payment, life-long tenure, and divorce ban) are widely observed. I present a partnership model that highlights the 'break-up externality' (i.e., the negative effect of a person's break-up decision on his current partner). Under this externality, there is too much searching for new partners and too much breaking-up of existing partnerships. Restrictions such as a break-up payment and break-up ban can reduce the levels of searching and breaking-up and improve welfare. Thus the paper rationalizes mobility restrictions as welfare-improving arrangements. (Copyright: Elsevier)
  • mobility restriction, partnership, search, break-up
  • RePEc:red:issued:v:6:y:2003:i:3:p:685-696
Language
  • English
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