| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2250 |
| DP2250 Fiscal Policy, Profits and Investment | |
| Alberto Alesina; Fabio Schiantarelli; Roberto Perotti; Silvia Ardagna | |
| 发表日期 | 1999-10-29 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | The assumption of constant returns in the matching function, embodied in most bilateral search models, is crucial to ensure the uniqueness of the unemployment rate along a steady state growth path. This paper explores whether this is an acceptable assumption by estimating individual re-employment probabilities on a sample of entrants into unemployment. This is done by applying hazard models to survey data on both completed and uncompleted unemployment durations. The hypothesis of constant returns to matching is not rejected, on the basis of the evidence that the job-finding hazard only depends on local labour market tightness, and it is independent of its size. |
| 主题 | Labour Economics |
| 关键词 | Hazard functions Local labour markets Returns to matching |
| URL | https://cepr.org/publications/dp2250 |
| 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/531348 |
| 推荐引用方式 GB/T 7714 | Alberto Alesina,Fabio Schiantarelli,Roberto Perotti,et al. DP2250 Fiscal Policy, Profits and Investment. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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