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A Steady-State Model of a Non-Walrasian Economy with Three Imperfect Markets
Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2011
Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by … stochastically in equilibrium. Financial market tightness is also a function of three parameters related to financial frictions. Job … creation and employment depend on the equilibrium in the other markets. Reciprocally, higher job destruction implies more …
Persistent link: https://www.econbiz.de/10009149149
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Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2011
Building a model with three imperfect markets – goods, labor and credit – representing a product's life-cycle, we find that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The calibrated model leads to a significant reduction in...
Persistent link: https://www.econbiz.de/10009149160
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Price Dynamics and Production Lags
Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999
This paper provides a new explanation of why inflation is sluggish in response to aggregate demand shocks and why aggregate output changes as result of such shocks. We argue that these phenomena are related to lags between inputs and outputs in the production process, "production lags" for...
Persistent link: https://www.econbiz.de/10005702997
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Labor Search and Matching in Macroeconomics
Yashiv, Eran - Institute for the Study of Labor (IZA) - 2007
determined as equilibrium phenomena? What determines worker flows and transition rates from one labor market state to another … market in macroeconomics. Its success includes the modelling of labor market outcomes as equilibrium phenomena, the …
Persistent link: https://www.econbiz.de/10005822179
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Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households
Greenwood, Jeremy; Guner, Nezih - Institute for the Study of Labor (IZA) - 2008
Since World War II there has been: (i) a rise in the fraction of time that married households allocate to market work, (ii) an increase in the rate of divorce, and (iii) a decline in the rate of marriage. It is argued here that labor-saving technological progress in the household sector can...
Persistent link: https://www.econbiz.de/10005703256
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Why Are Married Men Working So Much? The Macroeconomics of Bargaining Between Spouses
Knowles, John A. - Institute for the Study of Labor (IZA) - 2007
bargaining are both essential for understanding these trends, and develops an equilibrium model of marriage and bargaining …
Persistent link: https://www.econbiz.de/10005703464
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Household Labor Supply and Home Services in a General-Equilibrium Model with Heterogeneous Agents
Bredemeier, Christian; Juessen, Falko - Institute for the Study of Labor (IZA) - 2009
We propose a new explanation for differences and changes in labor supply by gender and marital status, and in particular for the increase in married women's labor supply over time. We argue that this increase as well as the relative constancy of other groups' hours are optimal reactions to...
Persistent link: https://www.econbiz.de/10005822591
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Regionalism in West Africa: Do Polar Countries Reap the Benefits? A Role for Migration
Konseiga, Adama - Institute for the Study of Labor (IZA) - 2005
In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on...
Persistent link: https://www.econbiz.de/10005822635
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Women’s Liberation: What’s in It for Men?
Doepke, Matthias; Tertilt, Michèle - Institute for the Study of Labor (IZA) - 2008
The nineteenth century witnessed dramatic improvements in the legal rights of married women. Given that these changes took place long before women gained the right to vote, they amounted to a voluntary renouncement of power by men. In this paper, we investigate men’s incentives for sharing...
Persistent link: https://www.econbiz.de/10005763642
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Malaria: Disease Impacts and Long-Run Income Differences
Zimmermann, Christian; Gollin, Douglas - Institute for the Study of Labor (IZA) - 2007
paper explores the question in an explicit dynamic general equilibrium framework, using a calibrated model that incorporates … epidemiological features into a standard general equilibrium framework. …
Persistent link: https://www.econbiz.de/10005763773