Ebell, Monique
(2008)
Resurrecting the participation margin.
CEPDP (873).
London School of Economics and Political Science. Centre for Economic Performance, London, UK.
ISBN 9780853282808
Abstract
This paper considers a real business cycle model with search frictions in the labor market and labor supply which is elastic along the extensive (participation) margin. Previous authors have found that such models generate counterfactually procyclical unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which does indeed generate countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin.
| Item Type: |
Monograph
(Discussion Paper)
|
| Official URL: |
http://cep.lse.ac.uk |
| Additional Information: |
© 2008 Monique Ebell |
| Divisions: |
Centre for Economic Performance |
| Subjects: |
H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: |
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J64 - Unemployment: Models, Duration, Incidence, and Job Search
E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment > E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation)
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
J - Labor and Demographic Economics > J2 - Time Allocation, Work Behavior, and Employment Determination and Creation; Human Capital; Retirement > J21 - Labor Force and Employment, Size, and Structure |
| Date Deposited: |
17 Jul 2008 10:31 |
| Last Modified: |
11 Dec 2024 18:51 |
| URI: |
http://eprints.lse.ac.uk/id/eprint/19570 |
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