G2TT
来源类型Factor Markets Working Papers
规范类型论文
Labour Supply Curves for EU Member and Candidate States: An applied general equilibrium analysis
Lindsay Shutes
发表日期2012-06-21
出版年2012
语种英语
摘要

This paper introduces a more sophisticated modelling of the labour market functioning of the European member and candidate states through the introduction of labour supply curves in an applied general equilibrium model. A labour supply curve offers a middle way in labour supply modelling, sitting between the two commonly adopted extremes of spare capacity and full employment. The first part of the paper outlines the theoretical foundation of the labour supply curve. Real world data is then used to derive labour supply curves for each member state, along with Croatia and Turkey. Finally, the impact of the newly specified labour markets on the results of an illustrative scenario involving reform of the common agricultural policy is explored. The results of computable general equilibrium analysis with the labour supply curve confirm the theoretical expectation that modelling the labour supply through an upwards-sloping curve produces results that lie between the extremes of spare capacity of the labour factor and fully employed labour. This specification captures a greater degree of heterogeneity in the labour markets of the member and candidate states, allowing for a more nuanced modelling of the effects of policy reform, including welfare effects.

The author, Lindsay Shutes, is a researcher at LEI, in The Hague.

主题Europe in the World
URLhttps://www.ceps.eu/publications/labour-supply-curves-eu-member-and-candidate-states-applied-general-equilibrium
来源智库Centre for European Policy Studies (Belgium)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/63109
推荐引用方式
GB/T 7714
Lindsay Shutes. Labour Supply Curves for EU Member and Candidate States: An applied general equilibrium analysis. 2012.
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