| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3789 |
| DP3789 Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors | |
| Stijn Claessens; Sergio Schmukler; Daniela Klingebiel | |
| 发表日期 | 2003-02-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | A labour-matching economy with ex post heterogeneous firms is presented. When bargaining over the wage, firms and workers do not know the level of product demand. Once demand is realized, hours of work are chosen. We show that the existence of a legal workweek may enhance efficiency with respect to laissez-faire: while laissez-faire is good at allocating hours across firms, regulation may be better at reproducing optimal hours. Shortening the legal workweek raises employment and is Pareto-improving if and only if the demand faced by low-demand firms and/or the overtime premium are small enough. |
| 主题 | Labour Economics |
| 关键词 | Efficiency Unemployment Working-time Work-sharing |
| URL | https://cepr.org/publications/dp3789 |
| 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/532787 |
| 推荐引用方式 GB/T 7714 | Stijn Claessens,Sergio Schmukler,Daniela Klingebiel. DP3789 Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
