RELATIVE PRODUCTIVITY AND SEARCH UNEMPLOYMENT IN AN OPEN ECONOMY
نویسندگان
چکیده
منابع مشابه
Technology, unemployment, and relative wages in a global economy
Arguably the most important development in recent decades in US factor markets is the decline in the relative wage of the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for European unemployment. This paper...
متن کاملFair Wages and Unemployment in a Small Open Economy
In this paper we develop a model of a multi-sector multi-factor small open economy with involuntary unemployment due to fair wages. The model is used inter alia to analyse the labour market effects of changes in unemployment benefits and the domestic labour supply. Our analysis covers both the case where factor prices do not react to endowment changes – as in the Heckscher-Ohlin model – and the...
متن کاملLoafing, Unemployment and Labor Productivity
Using the American Time Use Survey (ATUS) 2003-12, we estimate time spent by workers in non-work while on the job. Non-work time is substantial and co-varies positively with the local unemployment rate. While the fraction of workers who spend some time in non-work varies pro-cyclically, the average time spent by workers in non-work conditional on any positive non-work varies countercyclically. ...
متن کاملKnowledge-based economy central role in controlling unemployment
.In a knowledge-based economy, the development of knowledge and skills leads to innovation which in turn will lead to increase in productivity and revenue and to decrease unemployment. Therefore, according to the importance of using knowledge to improve economic conditions, the current research has been tried to test and analyze the impact of knowledge-based economy on controlling unemployment ...
متن کاملMoney Growth Rules in an Emerging Small Open Economy with an informal sector
This paper is concerned with the saddle-path stability of monetary growth rules in a two-country two-sector dynamic stochastic general equilibrium model. Alongside standard features of emerging economies, such as a combination of producer and local currency pricing for exports, fiscal dominance and oil exports, this model also incorporates informal labour and production sectors and examines how...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2020
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2020.103938