| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10489 |
| DP10489 The Fundamental Surplus in Matching Models | |
| Thomas Sargent; Lars Ljungqvist | |
| 发表日期 | 2015-03-15 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | To generate big responses of unemployment to productivity changes, researchers have reconfigured matching models in various ways: by elevating the utility of leisure, by making wages sticky, by assuming alternating-offer wage bargaining, by introducing costly acquisition of credit, or by positing government mandated unemployment compensation and layoff costs. All of these redesigned matching models increase responses of unemployment to movements in productivity by diminishing the fundamental surplus fraction, an upper bound on the fraction of a job's output that the invisible hand can allocate to vacancy creation. This single common channel unites analyses of business cycle and welfare state dynamics. |
| 主题 | International Macroeconomics ; Labour Economics |
| 关键词 | Business cycle Fundamental surplus Market tightness Matching model Unemployment Volatility Welfare state |
| URL | https://cepr.org/publications/dp10489 |
| 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/539321 |
| 推荐引用方式 GB/T 7714 | Thomas Sargent,Lars Ljungqvist. DP10489 The Fundamental Surplus in Matching Models. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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