IDEAS home Printed from https://ideas.repec.org/a/vrs/ecobur/v7y2021i3p5-15n1.html
   My bibliography  Save this article

Economic fluctuations in a model with an overlapping structure of employment

Author

Listed:
  • Matsue Toyoki

    (Faculty of Economics, Hiroshima University of Economics, 5-37-1 Gion, Asaminamiku, Hiroshima 731-0192, Japan, and Research Fellow, Graduate School of Economics, Kobe University)

Abstract

This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard flexible price model. The explicit employment period constructs an overlapping structure of employment which results in the oscillatory response. This study also examines the effects of change in employment period to economic fluctuations and shows that the variations in new hiring are higher when the employment period is long.

Suggested Citation

  • Matsue Toyoki, 2021. "Economic fluctuations in a model with an overlapping structure of employment," Economics and Business Review, Sciendo, vol. 7(3), pages 5-15, September.
    • Handle: RePEc:vrs:ecobur:v:7:y:2021:i:3:p:5-15:n:1
    DOI: 10.18559/ebr.2021.3.2
    as

    Download full text from publisher

    File URL: https://doi.org/10.18559/ebr.2021.3.2
    Download Restriction: no
    File URL: https://libkey.io/10.18559/ebr.2021.3.2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    economic fluctuations; employment; employment period; oscillatory response;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

    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:vrs:ecobur:v:7:y:2021:i:3:p:5-15:n:1. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.