IDEAS home Printed from https://ideas.repec.org/a/cai/ecoldc/ecop_183_0093.html

Équilibre général stochastique et dynamique non-walrasienne du marché du travail

Author

Listed:
  • Arnaud Chéron
  • François Langot

Abstract

This article seeks to assess the contribution of a non-Walrasian model of the labor market to an analysis of economic dynamics.We begin by discussing our model?s capacity to reproduce a labor volatility comparable to that ofGDP, a lesser volatility of real wages, and the acyclical behavior of real wages. We show that the real rigidities introduced by the matching process, combined with a particular specification of bargained wages, enable us to make a wholly satisfactory description of these observed labor-market properties. After this empirical validation, we use the model to quantify the impact of a policy to combat unemployment.We examine the introduction of hiring subsidies to firms.We show that a labor tax has a lower social cost than a capital-tax adjustment as a means of financing this measure. Keywords: labor market, DSGE

Suggested Citation

  • Arnaud Chéron & François Langot, 2008. "Équilibre général stochastique et dynamique non-walrasienne du marché du travail," Economie & Prévision, La Documentation Française, vol. 0(2), pages 93-113.
    • Handle: RePEc:cai:ecoldc:ecop_183_0093
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOP_183_0093
    Download Restriction: free
    File URL: http://www.cairn.info/revue-economie-et-prevision-1-2008-2-page-93.htm
    Download Restriction: free
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    ;
    ;

    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:cai:ecoldc:ecop_183_0093. 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: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-economie-et-prevision.htm .

    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.