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Labour Market Institutions and Amplification of Employment Fluctuations

Toyoki Matsue

Toyoki Matsue

  • International University of Kagoshima
  • Graduate School of Economics, Kobe University
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Matsue, Toyoki
  
29 apr 2020
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Pubblicato online: 29 apr 2020
Pagine: 164 - 173
DOI: https://doi.org/10.2478/ceej-2019-0010
Parole chiave
© 2019 Toyoki Matsue, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Fig. 1

Employment fluctuations with τ = 0: (a) New hiring and (b) Total employment.
Employment fluctuations with τ = 0: (a) New hiring and (b) Total employment.

Fig. 2

Employment fluctuations with τ = 0.1 : (a) New hiring and (b) Total employment.
Employment fluctuations with τ = 0.1 : (a) New hiring and (b) Total employment.

Fig. 3

Employment fluctuations without fixed-term contracts: (a) New hiring and (b) Total employment.
Employment fluctuations without fixed-term contracts: (a) New hiring and (b) Total employment.

Figure 4

Union influence and employment fluctuations: (a) θ = 0.35 and (b) θ = 2.0.
Union influence and employment fluctuations: (a) θ = 0.35 and (b) θ = 2.0.

Fig. 5

Elasticity of wage with respect to employment rate and employment fluctuations: (a) γ = 1.0 and (b) γ = 4.0.
Elasticity of wage with respect to employment rate and employment fluctuations: (a) γ = 1.0 and (b) γ = 4.0.

Parameters in Section 4_1_

αParameter in production function0.64
βDiscount factor0.985
γElasticity of wage with respect to employment rate1.0
δDepreciation rate0.0125
θWage at zero unemployment0.35, 1.0, 1.5, or 2.0
τAdjustment cost0.1
sSaving rate0.30
NLabour force110.0

Parameters in Section 4_2_

αParameter in production function0.64
βDiscount factor0.985
γElasticity of wage with respect to employment rate1.0, 2.0, 3.0, or 4.0
δDepreciation rate0.0125
θWage at zero unemployment0.35
τAdjustment cost0.1
sSaving rate0.30
NLabour force110.0

Parameters in Section 3_

αParameter in production function0.64
βDiscount factor0.985
γElasticity of wage with respect to employment rate1.0
δDepreciation rate0.0125
θWage at zero unemployment0.35
τAdjustment cost0.0 or 0.1
σTurnover rate0.5
sSaving rate0.30
NLabour force110.0
Lingua:
Inglese
Frequenza di pubblicazione:
1 volte all'anno
Argomenti della rivista:
Economia e business, Economia politica, Teoria economica, sistemi e strutture, Microeconomia, Macroeconomia, Politica economica
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