Boeters, Stefan; Leeuwen, Nico van - Centraal Planbureau (CPB), Government of the Netherlands - 2010
This paper describes a labour market extension for the CGE model "WorldScan". The labour market module features endogenous labour supply at two margins: participation and hours of work. Involuntary unemployment is captured through a collective bargaining ("right to manage") set-up.
The paper...