| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6069 |
| DP6069 Effects on School Enrollment and Performance of a Conditional Cash Transfers Program in Mexico | |
| Alain De Janvry; Pierre Dubois; Elisabeth Sadoulet | |
| 发表日期 | 2007-01-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Positive news about future productivity growth causes a contraction in most neoclassical business cycle models, which is counterfactual. We show that a business cycle model that incorporates the standard matching framework can generate an expansion. Although the wealth effect of an increase in expected productivity induces workers to reduce their labour supply, the matching friction has the opposite effect leaving labour supply roughly unaffected. Employment increases because the matching friction also induces firms to post more vacancies. This translates into additional resources, which makes it possible for both consumption and investment to increase in response to positive news about future productivity growth before the actual increase in productivity materializes. |
| 主题 | International Macroeconomics |
| 关键词 | Labour force participation Pigou cycles Productivity growth |
| URL | https://cepr.org/publications/dp6069 |
| 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/534907 |
| 推荐引用方式 GB/T 7714 | Alain De Janvry,Pierre Dubois,Elisabeth Sadoulet. DP6069 Effects on School Enrollment and Performance of a Conditional Cash Transfers Program in Mexico. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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