Impact of labour-market segmentation on identification of parameters in a DSGE Framework
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F18%3A00102845" target="_blank" >RIV/00216224:14560/18:00102845 - isvavai.cz</a>
Result on the web
<a href="http://www.fhi.sk/files/katedry/kove/ssov/VKOXIX/Zbornik2018.pdf" target="_blank" >http://www.fhi.sk/files/katedry/kove/ssov/VKOXIX/Zbornik2018.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Impact of labour-market segmentation on identification of parameters in a DSGE Framework
Original language description
In this contribution, I present two small-scale DSGE models of a closed economy with search and matching frictions on the labor market and right-to-manage bargaining process. The first model is the well-known model from (Lubik, 2009). The second model stems from Lubik's work, introducing labor market segmentation to account for different wage setting processes for two groups of workers with a dissimilar level of qualification. The aim of this contribution is to examine how this modification in the second model affects the amount of information needed to properly identify its parameters. At first, I shortly introduce main aspects of both models. Based on the presented calibration, trajectories of main endogenous variables are obtained. Various subsets of these simulated trajectories are then used as observables for estimation of the model parameters to compare to what extent rich information is needed for each model to properly identify its parameters.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Quantitative Methods in Economics; Multiple Criteria Decision Making XIX
ISBN
9788089962082
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
24-31
Publisher name
University of Economics, Bratislava
Place of publication
University of Economics
Event location
Trenčianske Teplice, Slovakia
Event date
May 23, 2018
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000455265500003