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Results of general equilibrium models are sensitive to model parameterization and specification. The role of macroeconomic closures and the effect of trade elasticities are documented in the literature, but there is no systematic analysis of the implications of different labor supply...
Persistent link: https://www.econbiz.de/10012232857
This paper presents a general-equilibrium model of Innovation, endogenous growth, and unemployment in a disaggregated … economy. Unemployment is analyzed w ithin a dual labor market setting, where the labor market is consisting of a primary high … the economy's growth rate and the equilibrium unemployment rate. It can be shown in comparative static analyses, that the …
Persistent link: https://www.econbiz.de/10010405871
This article analyzes the effects on the West Bank economy of temporary Palestinian employment in Israel, using a new database and a computable general equilibrium model. The results show that Palestinian employment in Israel increases household incomes but distorts the operation of the West...
Persistent link: https://www.econbiz.de/10012294968
In this paper we investigate the quantitative importance of e fficiency wages in explaining fluctuations in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with unobservable workers e ort by employers and wage...
Persistent link: https://www.econbiz.de/10011761449
In this paper we introduce reciprocity in labor relations and government sector to in- vestigate how well the real wage rigidity that results out of that arrangement explains business cycle fluctuations in Bulgaria. The reciprocity mechanism described in this paper follows Danthine and Kurmann...
Persistent link: https://www.econbiz.de/10011785061
The paper addresses and summarizes the role of unemployment in the transformation process from an economic system with … explanations why unemployment is high during transition in countries of Central and Eastern Europe the role of unemployment and the … fiscal problems due to unemployment is discussed within a model of economies of transition. The model highlights the …
Persistent link: https://www.econbiz.de/10010499922
Persistent link: https://www.econbiz.de/10011574005
bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …
Persistent link: https://www.econbiz.de/10011391687
levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …
Persistent link: https://www.econbiz.de/10009781719
of in-work benefits on search intensity, participation, employment, and unemployment, compared to a framework in which …
Persistent link: https://www.econbiz.de/10013130454