| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6058 |
| DP6058 The Part-Time Pay Penalty for Women in Britain | |
| Alan Manning; Barbara Petrongolo | |
| 发表日期 | 2007-01-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We analyze how global economic integration of factor markets affects the stability of the macroeconomy, with respect to expectations-driven fluctuations, when countries differ in their labor market institutions. It is shown that, due to the occurrence of equilibrium indeterminacy, liberalization of capital movements is likely to be accompanied by persistent fluctuations at the world level, while allowing also for labor movements may bring macroeconomic stability. Whether this also implies higher welfare in the long run depends on differentials in average firm size across countries. If the average firm size in a country operating under perfect competition and full employment is small relative to a country with rigid wages and unemployment, then free migration reduces unemployment, narrows wage differentials and expands world output. |
| 主题 | International Macroeconomics |
| 关键词 | Fluctuations driven by self fulfilling expectations Indeterminacy International capital movements International labour movements Unemployment |
| URL | https://cepr.org/publications/dp6058 |
| 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/534890 |
| 推荐引用方式 GB/T 7714 | Alan Manning,Barbara Petrongolo. DP6058 The Part-Time Pay Penalty for Women in Britain. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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