IDEAS home Printed from https://ideas.repec.org/a/bla/labour/v11y1997i2p303-327.html
   My bibliography  Save this article

Unemployment in a Bankruptcy Constrained Model

Author

Listed:
  • Lourens Broersma

Abstract

This paper proposes a model of labour demand based on a bankruptcy constrained firm. This implies two different regimes for the process generating labour demand: one when this bankruptcy constraint is not binding and one when it is. The same applies to unemployment. This unemployment model is applied to U.S. quarterly data, where account is being taken of the two regimes by dummy variables based on the turning points of the NBER business indicator. It appears that the variables affecting U.S. unemployment in the respective regimes are also the ones predicted by our theoretical model.

Suggested Citation

  • Lourens Broersma, 1997. "Unemployment in a Bankruptcy Constrained Model," LABOUR, CEIS, vol. 11(2), pages 303-327, June.
    • Handle: RePEc:bla:labour:v:11:y:1997:i:2:p:303-327
    DOI: 10.1111/1467-9914.00038
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9914.00038
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9914.00038?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:labour:v:11:y:1997:i:2:p:303-327. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/csrotit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.