Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?
We construct a simple general equilibrium model of unemployment and calibrate it to the Canadian economy. Job creation and destruction are endogenous. In this model we consider several potential factors that could contribute to the long-run increase in the Canadian unemployment rate: a more generous unemployment insurance system, higher layoff costs, higher distortionary taxes, and a slower rate of productivity growth. We find that in the model economy the impact of all of these factors on the unemployment rate is small.
Year of publication: |
1999
|
---|---|
Authors: | Hornstein, Andreas ; Yuan, Mingwei |
Published in: |
Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 32.1999, 4, p. 878-905
|
Publisher: |
Canadian Economics Association - CEA |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Can a matching model explain the long-run increase in Canada's unemployment rate?
Hornstein, Andreas, (1998)
-
Can a matching model explain the long-run increase in Canada's unemployment rate?
Hornstein, Andreas, (1999)
-
Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?
Hornstein, Andreas, (2012)
- More ...