TY - RPRT AU - Malowny, John PY - 1987 SN - 2255-5471 UR - https://hdl.handle.net/20.500.14352/65984 AB - Implicit contracts were initially seen as a form of insurance. Workers bought a less variable wage at the expense of a slightly lower average wage. But as long as this idea of implicit contracts persisted, they could do little to explain unemployment.... LA - eng A3 - Facultad de Ciencias Económicas y Empresariales. Decanato KW - Contratos implícitos KW - Salario KW - Desempleo TI - Lies and layoffs. Asymmetric information and unemployment equilibrium TY - technical report VL - 1987 ER -