G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1025
DP1025 A Positive Theory of Social Security
Xavier Sala-i-Martin
发表日期1994-09-30
出版年1994
语种英语
摘要The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in the United States than in Europe over the 1950s and 1960s, but the opposite has been the case in the 1980s; and (3) the long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model also generates other empirically testable hypotheses, concerning cyclical variations in unemployment persistence, the influence of firing costs and the `discouraged worker' effect on unemployment persistence, and the effect of barriers to the entry of firms on the long-run unemployment rate.
关键词Insiders Labour force Outsiders Persistence Productivity Unemployment
URLhttps://cepr.org/publications/dp1025
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/530165
推荐引用方式
GB/T 7714
Xavier Sala-i-Martin. DP1025 A Positive Theory of Social Security. 1994.
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