CHALMOVIANSKÝ, Jakub. Investigating the Impact of a Labour Market Segmentation Using a Small DSGE Model with Search and Matching Frictions. In Pavel Pražák. The 35th International Conference Mathematical Methods in Economics, Conference Proceedings. Hradec Králové: University of Hradec Králové. p. 259-264. ISBN 978-80-7435-678-0. 2017.
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Basic information
Original name Investigating the Impact of a Labour Market Segmentation Using a Small DSGE Model with Search and Matching Frictions
Authors CHALMOVIANSKÝ, Jakub (703 Slovakia, guarantor, belonging to the institution).
Edition Hradec Králové, The 35th International Conference Mathematical Methods in Economics, Conference Proceedings, p. 259-264, 6 pp. 2017.
Publisher University of Hradec Králové
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
WWW Conference proceedings
RIV identification code RIV/00216224:14560/17:00097646
Organization unit Faculty of Economics and Administration
ISBN 978-80-7435-678-0
UT WoS 000427151400045
Keywords in English DSGE model; labour market segmentation; right-to-manage bargaining; search and matching frictions
Tags International impact, Reviewed
Changed by Changed by: Mgr. Daniela Marcollová, učo 111148. Changed: 23/4/2019 16:38.
Abstract
In this contribution, I present a small scale DSGE model of a closed economy with labour market segmentation, search and matching frictions, and right-to-manage bargaining. Constructed model stems from the well-known work of Lubik, however, was redesigned in order to account for different wage setting processes for different groups of workers. I introduce the model with two groups of individuals distinguished, according to the level of their qualification, to low-skilled and high-skilled. The aim of this contribution is to examine possibly dissimilar impacts of exogenous shocks to an economy where workers exhibit different levels of qualification. In this sense, I firstly introduce the model with labour market segmentation that splits the aggregate labour market between the following two sectors: one populated by workers with high level of qualification and the other with less qualified workers. This model is then calibrated to fit the characteristics of the US economy, and its dynamic properties are compared with the Lubik’s original model.
Links
MUNI/A/0987/2016, interní kód MUName: Možnosti a meze dynamických stochastických modelů všeobecné rovnováhy malých otevřených ekonomik (Acronym: Možnosti a meze DSGE modelů)
Investor: Masaryk University, Category A
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