On Modelling the Natural Rate of Unemployment with Indivisible Labour
AbstractThis analysis investigates modeling the natural rate of unemployment in settings wh ere labor's utilization has some lumpy aspect to it. Specifically, th e introduction of various nonconvexities into tastes and technology l ead to unemployment in general equilibrium. Equilibria can emerge whe re (1) those currently unemployed have higher probabilities of being unemployed in the future than those currently employed; (2) some agen ts are jobless while others work overtime; and (3) seniority rules se emingly arise whereby old workers cannot be laid off so long as eithe r new workers are being hired or some workers are doing overtime. The relative welfare levels of employed and unemployed agents are analyz ed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 21 (1988)
Issue (Month): 3 (August)
Contact details of provider:
Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
Web page: http://economics.ca/cje/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Karl Shell & Randall Wright, 1991.
"Indivisibilities, lotteries, and sunspot equilibria,"
Staff Report, Federal Reserve Bank of Minneapolis
133, Federal Reserve Bank of Minneapolis.
- Shell, Karl & Wright, Randall, 1993. "Indivisibilities, Lotteries, and Sunspot Equilibria," Economic Theory, Springer, Springer, vol. 3(1), pages 1-17, January.
- Karl Shell & Randall Wright, 2010. "Indivisibilities, Lotteries and Sunspot Equilibria," Levine's Working Paper Archive 2061, David K. Levine.
- Jeremy Greenwood & Glenn M. MacDonald & Guang-Jia Zhang, 1994.
"The cyclical behavior of job creation and job destruction: a sectoral model,"
Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis
88, Federal Reserve Bank of Minneapolis.
- Jeremy Greenwood & Glenn M. MacDonald & Guang-Jia Zhang, 1995. "The cyclical behavior of job creation and job destruction: A sectoral model," Economic Theory, Springer, Springer, vol. 7(1), pages 95-112.
- Greenwood, Jeremy & MacDonald, Glenn M & Zhang, Guang-Jia, 1996. "The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model," Economic Theory, Springer, Springer, vol. 7(1), pages 95-112, January.
- Greenwood, J. & MacDonald, G. & Zhang, J.G., 1994. "The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model," RCER Working Papers 394, University of Rochester - Center for Economic Research (RCER).
- Basu, Parantap & Marsiliani, Laura & RenstrÃ¶m, Thomas I, 2004. "Optimal Dynamic Taxation with Indivisible Labour," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4190, C.E.P.R. Discussion Papers.
- Parantap Basu & Laura Marsiliani & Thomas I. RenstrÃ¶m, 2004.
"Optimal Dynamic Taxation with Indivisible Labour,"
University of Manchester, vol. 72(s1), pages 34-54, 09.
- Thomas Renstrom & Parantap Basu, 2004. "Optimal dynamic taxation with indivisible labor," Money Macro and Finance (MMF) Research Group Conference 2003 78, Money Macro and Finance Research Group.
- Basu, Parantap & RenstrÃ¶m, Thomas I, 2002. "When to Tax Labour?," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3456, C.E.P.R. Discussion Papers.
- Jess Benhabib & Randall Wright & Richard Rogerson, 1990. "Homework in Macoreconomics I: Basic Theory (Part I of II)," NBER Working Papers 3344, National Bureau of Economic Research, Inc.
- Parantap Basu & Thomas Renstrom, . "When to Tax Labor?," Wallis Working Papers, University of Rochester - Wallis Institute of Political Economy WP28, University of Rochester - Wallis Institute of Political Economy.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.