Chapter 26. The Labor Market in Computable General Equilibrium Models

This chapter reviews options of labor market modeling in a computable general equilibrium framework. On the labor supply side, two principal modeling options are distinguished and discussed: aggregated, representative households and microsimulation based on individual household data. On the labor demand side, we focus on the substitution possibilities between different types of labor in production. With respect to labor market coordination, we discuss several wage-forming mechanisms and involuntary unemployment.

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Year of publication:	2013
Authors:	Boeters, Stefan ; Savard, Luc
Published in:	Handbook of computable general equilibrium modeling : Volume 1A - 1B. - Amsterdam : North-Holland, Elsevier, ISBN 978-0-444-59568-3. - 2013, p. 1645-1718
Subject:	Computable general equilibrium model \| labor market \| labor supply \| labor demand \| microsimulation \| involuntary unemployment \| Allgemeines Gleichgewicht \| General equilibrium \| Arbeitsnachfrage \| Labor demand \| CGE-Modell \| CGE model \| Arbeitsangebot \| Labour supply \| Arbeitslosigkeit \| Unemployment \| Arbeitsmarkttheorie \| Labour market theory \| Arbeitsmarkt \| Labour market

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-444-59568-3.00026-2 [DOI]
Classification:	C68 - Computable General Equilibrium Models ; D58 - Computable and Other Applied General Equilibrium Models ; J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014025265