G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2976
DP2976 The District and the Global Economy: Exporting versus Foreign Location
Giorgio Basevi; Gianmarco Ottaviano
发表日期2001-09-29
出版年2001
语种英语
摘要This Paper explains the divergent behaviour of European and US unemployment rates using a job market-matching model of the labour market with an interaction between shocks and institutions. It shows that a reduction in TFP growth rates, an increase in real interest rates, and an increase in tax rates leads to a permanent increase in unemployment rates when the replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are ?employment friendly.? The Paper also shows that an increase in turbulence, modelled as an increase probability of skill loss, is not a robust explanation for the European unemployment puzzle in the context of a matching model with both endogenous job creation and job destruction.
主题International Macroeconomics ; Labour Economics
关键词Job matching model Unemployment Unemployment benefits Turbulence Tfp slowdown
URLhttps://cepr.org/publications/dp2976
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532008
推荐引用方式
GB/T 7714
Giorgio Basevi,Gianmarco Ottaviano. DP2976 The District and the Global Economy: Exporting versus Foreign Location. 2001.
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