| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7442 |
| DP7442 Managerial Incentives and Stock Price Manipulation | |
| Ailsa Roell; Lin Peng | |
| 发表日期 | 2009-09-06 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Commonly used frictional models of the labor market imply that changes in frictions have large effects on steady state employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the robustness of this feature to the inclusion of a empirically reasonable labor supply channel. The response of unemployment to changes in frictions is similar in both models. But the labor supply response present in our model greatly attenuates the effects of frictions on steady state employment relative to the simplest matching model, and two common extensions. We also find that the presence of empirically plausible frictions has virtually no impact on the response of aggregate employment to taxes. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Labour market frictions Labour supply Taxes |
| URL | https://cepr.org/publications/dp7442 |
| 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/536278 |
| 推荐引用方式 GB/T 7714 | Ailsa Roell,Lin Peng. DP7442 Managerial Incentives and Stock Price Manipulation. 2009. |
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