| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP3969
|
| DP3969 Coagglomeration and Growth |
| Eric Strobl; Salvador Barrios
|
| 发表日期 | 2003-07-23
|
| 出版年 | 2003
|
| 语种 | 英语
|
| 摘要 | The sustainability of Welfare States requires high employment/high participation to raise the tax base and avoid distortions. To analyse labour market participation decisions in a world with market frictions, we propose and solve a three-state macro model of the labour market. We show that workers' decisions of entering into the labour market and exiting from the labour market are fundamentally different in the presence of frictions: irreversible costs paid by workers at the entry level imply that labour supply is determined by two margins, the entry and the exit margins. On the normative point of view, we show that the existence of two margins alters significantly the conventional effects of payroll taxes and unemployment benefits. On the positive point of view, our model rationalizes the existence of most labour market flows and of 'marginally attached workers'. Furthermore, a calibration improves the usual representations of labour markets. |
| 主题 | Labour Economics
|
| 关键词 | Labour supply
Search frictions
Welfare state
|
| URL | https://cepr.org/publications/dp3969
|
| 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/532951
|
推荐引用方式
GB/T 7714 |
Eric Strobl,Salvador Barrios. DP3969 Coagglomeration and Growth. 2003.
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