The labour market in CGE models

This chapter reviews options of labour market modelling in a CGE framework. On the labour supply side, two principal modelling options are distinguished and discussed: aggregated, representative households and microsimulation based on individual household data. On the labour demand side, we focus on the substitution possibilities between different types of labour in production. With respect to labour market coordination, we discuss several wage-forming mechanisms and involuntary unemployment.

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Year of publication:	2011
Authors:	Boeters, Stefan ; Savard, Luc
Publisher:	Mannheim : Zentrum für Europäische Wirtschaftsforschung (ZEW)
Subject:	Arbeitsmarkttheorie \| Arbeitslosigkeit \| Arbeitsnachfrage \| Arbeitsangebot \| Allgemeines Gleichgewicht \| Simulation \| Theorie \| computable general equilibrium model \| labour market \| labour supply \| labour demand \| microsimulation \| involuntary unemployment

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Series:	ZEW Discussion Papers ; 11-079
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	684260395 [GVK] hdl:10419/54977 [Handle] RePEc:zbw:zewdip:11079 [RePEc]
Classification:	C68 - Computable General Equilibrium Models ; D58 - Computable and Other Applied General Equilibrium Models ; J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	EconStor

Persistent link: https://www.econbiz.de/10010307850