|
|
|
|
||||
|
||||
Public Employment and the Business CycleVincenzo QuadriniUniversity of Southern California - Marshall School of Business - Finance and Business Economics Department; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR) Antonella TrigariBocconi University - Department of Economics Scandinavian Journal of Economics, Vol. 109, Issue 4, pp. 723-742, March 2008 Abstract: We add a public employment sector to the basic search and matching model in order to study the business cycle impact of public wage and employment policies. The government is assumed to follow exogenous rules for public wages and employment calibrated to match some cyclical features of US policies. These features include a positive public wage premium and mildly procyclical public wages and employment. We find that the presence of the public sector increases the volatility of employment and output.
Number of Pages in PDF File: 20 Keywords: Job search, public employment, business cycle JEL Classification: E6, E32, J64 Accepted Paper SeriesDate posted: February 29, 2008Suggested CitationContact Information
|
|
|||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo8 in 0.625 seconds
Add to Cart
