| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3811 |
| DP3811 Monetary Policy and Uncertainty about the Natural Unemployment Rate | |
| Volker Wieland | |
| 发表日期 | 2003-03-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We consider the potential importance of labour market efficiency for aggregate growth. The idea is that efficient labour markets move workers more quickly from low to high productivity sites, thereby raising aggregate productivity growth. We define a measure of labour market efficiency as a structural parameter from a matching function. Using labour market data on 15 OECD countries, we estimate this and show that it has a significant effect on growth. The results are robust to a number of different estimation techniques. The quantitative impact of market efficiency is not trivial. |
| 主题 | Labour Economics |
| 关键词 | Growth Labour efficiency Labour market institutions |
| URL | https://cepr.org/publications/dp3811 |
| 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/532803 |
| 推荐引用方式 GB/T 7714 | Volker Wieland. DP3811 Monetary Policy and Uncertainty about the Natural Unemployment Rate. 2003. |
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