Investigating the Impact of a Labour Market Segmentation Using a Small DSGE Model with Search and Matching Frictions

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00097646" target="_blank" >RIV/00216224:14560/17:00097646 - isvavai.cz</a>

Výsledek na webu

<a href="http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf" target="_blank" >http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Investigating the Impact of a Labour Market Segmentation Using a Small DSGE Model with Search and Matching Frictions

Popis výsledku v původním jazyce

In this contribution, I present a small scale DSGE model of a closed economy with labour market segmentation, search and matching frictions, and right-to-manage bargaining. Constructed model stems from the well-known work of Lubik, however, was redesigned in order to account for different wage setting processes for different groups of workers. I introduce the model with two groups of individuals distinguished, according to the level of their qualification, to low-skilled and high-skilled. The aim of this contribution is to examine possibly dissimilar impacts of exogenous shocks to an economy where workers exhibit different levels of qualification. In this sense, I firstly introduce the model with labour market segmentation that splits the aggregate labour market between the following two sectors: one populated by workers with high level of qualification and the other with less qualified workers. This model is then calibrated to fit the characteristics of the US economy, and its dynamic properties are compared with the Lubik’s original model.

Název v anglickém jazyce

Investigating the Impact of a Labour Market Segmentation Using a Small DSGE Model with Search and Matching Frictions

Popis výsledku anglicky

In this contribution, I present a small scale DSGE model of a closed economy with labour market segmentation, search and matching frictions, and right-to-manage bargaining. Constructed model stems from the well-known work of Lubik, however, was redesigned in order to account for different wage setting processes for different groups of workers. I introduce the model with two groups of individuals distinguished, according to the level of their qualification, to low-skilled and high-skilled. The aim of this contribution is to examine possibly dissimilar impacts of exogenous shocks to an economy where workers exhibit different levels of qualification. In this sense, I firstly introduce the model with labour market segmentation that splits the aggregate labour market between the following two sectors: one populated by workers with high level of qualification and the other with less qualified workers. This model is then calibrated to fit the characteristics of the US economy, and its dynamic properties are compared with the Lubik’s original model.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

The 35th International Conference Mathematical Methods in Economics, Conference Proceedings

ISBN

9788074356780

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

259-264

Název nakladatele

University of Hradec Králové

Místo vydání

Hradec Králové

Místo konání akce

Hradec Králové

Datum konání akce

13. 9. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000427151400045