| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7302 |
| DP7302 Fiscal Stimulus with spending reversals | |
| Giancarlo Corsetti; Gernot Müller; André Meier | |
| 发表日期 | 2009-05-10 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described through firms' job offer and firing decisions and workers' job acceptance and quit decisions. This approach obviates the need for a matching function. On this theoretical basis, we argue that the matching function is vulnerable to the Lucas critique. Our calibrated model for the U.S. economy can account for important empirical regularities that the conventional matching model cannot. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Adjustment costs Employment Firing Incentives Job acceptance Job offers Matching Quits Unemployment |
| URL | https://cepr.org/publications/dp7302 |
| 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/536137 |
| 推荐引用方式 GB/T 7714 | Giancarlo Corsetti,Gernot Müller,André Meier. DP7302 Fiscal Stimulus with spending reversals. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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