Public employment and the business cycle

被引：51

作者：

Quadrini, Vincenzo ^{[1
]}

Trigari, Antonella ^{[2
]}

机构：

[1] Univ So Calif, Los Angeles, CA 90089 USA

[2] Bocconi Univ, IGIER, I-20136 Milan, Italy

来源：

SCANDINAVIAN JOURNAL OF ECONOMICS | 2007年 / 109卷 / 04期

关键词：

job search; public employment; business cycle;

D O I：

10.1111/j.1467-9442.2007.00517.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：723 / 742

页数：20

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