Impact of labour-market segmentation on identification of parameters in a DSGE Framework

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Impact of labour-market segmentation on identification of parameters in a DSGE Framework

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Impact of labour-market segmentation on identification of parameters in a DSGE Framework

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Quantitative Methods in Economics; Multiple Criteria Decision Making XIX

ISBN

9788089962082

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

24-31

Název nakladatele

University of Economics, Bratislava

Místo vydání

University of Economics

Místo konání akce

Trenčianske Teplice, Slovakia

Datum konání akce

23. 5. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000455265500003