Arbeitspapier
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equilibrium model economy. Matching between workers and vacancies with endogenous time spent in search, Nash{bargained wages, payroll taxation, and differential support for unemployed labor in search and leisure are central aspects of the model. For plausible regions of the policy and institutional parameter space, the model exhibits more persistence than standard RBC models and can exhibit indeterminacy of rational expectations paths without increasing returns in production. Furthermore, labor market institutions act in a complementary fashion in generating these effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: SFB 373 Discussion Paper ; No. 2001,49
- Klassifikation
-
Wirtschaft
- Thema
-
Business Cycles
European Labor Markets
Indeterminacy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Burda, Michael C.
Weder, Mark
- Ereignis
-
Veröffentlichung
- (wer)
-
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
- (wo)
-
Berlin
- (wann)
-
2001
- Handle
- URN
-
urn:nbn:de:kobv:11-10049983
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Burda, Michael C.
- Weder, Mark
- Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
Entstanden
- 2001
Ähnliche Objekte (12)
Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Propagation of Business Cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Persistence of Business Cycles
Complementarity of labor market institutions, equilibrium unemployment and the persistence of business cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles : this discussion paper is part of the HWWA's research programme "Economic growth and business cycles in Europe"
The Propagation of Industrial Business Cycles
Equilibrium Unemployment Cycles
Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents
Lumpy Labor Adjustment as a Propagation Mechanism of Business Cycles
Lumpy labor adjustment as a propagation mechanism of business cycles
Lumpy labor adjustment as a propagation mechanism of business cycles
Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Propagation of Business Cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Persistence of Business Cycles
Complementarity of labor market institutions, equilibrium unemployment and the persistence of business cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles : this discussion paper is part of the HWWA's research programme "Economic growth and business cycles in Europe"
The Propagation of Industrial Business Cycles
Equilibrium Unemployment Cycles
Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents
Lumpy Labor Adjustment as a Propagation Mechanism of Business Cycles
Lumpy labor adjustment as a propagation mechanism of business cycles
Lumpy labor adjustment as a propagation mechanism of business cycles
Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Propagation of Business Cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles
Complementarity of Labor Market Institutions, Equilibrium Unemployment and the Persistence of Business Cycles
Complementarity of labor market institutions, equilibrium unemployment and the persistence of business cycles
Complementarity of labor market institutions, equilibrium unemployment and the propagation of business cycles : this discussion paper is part of the HWWA's research programme "Economic growth and business cycles in Europe"
The Propagation of Industrial Business Cycles
Equilibrium Unemployment Cycles
Complementarity Modeling of a Ramsey-Type Equilibrium Problem with Heterogeneous Agents
Lumpy Labor Adjustment as a Propagation Mechanism of Business Cycles
Lumpy labor adjustment as a propagation mechanism of business cycles