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Labour Policies In The DMP Model—A Theoretical Analysis
International Journal of Academic Research and Development · 2014 · Vol. 2(6) · pp. 322–325
Abstract
In this paper we examine different types of labour policies in the benchmark model of DMP in both cases where job-destruction rate is exogenous and endogenous. Our theoretical results show that the labour market tightness and the unemployment rate would be more volatile if job-destruction is endogenous.
Economic Policies and ImpactsLabor market dynamics and wage inequalityFiscal Policy and Economic GrowthUnemployment rateEconomicsUnemploymentBenchmark (surveying)Beveridge curveLabour economicsEndogenyEconometricsMacroeconomicsChemistry
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