Economic Fluctuations in a Model with an Overlapping Structure of Employment

• Autorzy: Toyoki Matsue
• Języki publikacji: EN

Abstrakty

EN

This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard flexible price model. The explicit employment period constructs an overlapping structure of employment which results in the oscillatory response. This study also examines the effects of change in employment period to economic fluctuations and shows that the variations in new hiring are higher when the employment period is long. (original abstract)

Słowa kluczowe

EN

Business fluctuations; Employment; Employment forms; Temporary employment

PL

Wahania koniunkturalne; Zatrudnienie; Formy zatrudnienia; Zatrudnienie okresowe

• Czasopismo: Economics and Business Review
• Rocznik: 2021
• Tom: 7 (21)
• Numer: nr 3
• Strony: 5--15

Twórcy

autor

Toyoki Matsue

• Hiroshima University of Economics, Hiroshima, Japan

Bibliografia

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• Matsue, T. (2018). Fixed-term contracts as a source of labour demand fluctuations. Applied Economics Letters, 25(9), 611-614. https://doi.org/10.1080/13504851.2017.1352070
• Mumtaz, H., & Zanetti, F. (2016). The effect of labor and financial frictions on aggregate fluctuations. Macroeconomic Dynamics, 20, 313-341. https://doi.org/10.1017/S1365100514000406
• Shapiro, A.F., & Olivero, M.P. (2020). Lending relationships and labor market dynamics. European Economic Review, 127, 103475. https://doi.org/10.1016/j.euroecorev.2020.103475
• Zipperer, B., & Skott, P. (2011). Cyclical patterns of employment, utilization, and profitability. Journal of Post Keynesian Economics, 34(1), 25-58. https://doi.org/10.2753/PKE0160-3477340102

Identyfikatory

DOI

10.18559/ebr.2021.3.2