IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/98904.html
   My bibliography  Save this paper

非分割的な労働供給のもとでの非自発的失業の存在 - 単純な世代重複完全競争モデルによって -
[The existence of involuntary unemployment under indivisible labor supply - By simple overlapping perfect competition model -]

Author

Listed:
  • Tanaka, Yasuhito

Abstract

We show the existence of involuntary unemployment without assuming wage rigidity. We derive involuntary unemployment by considering utility maximization of consumers and profit maximization of firms in an overlapping generations model under perfect competition with constant returns to scale technology. We show that there exists involuntary unemployment in a case where labor supply is indivisible. We also show that reduction of nominal wages can not rescue involuntary unemployment.

Suggested Citation

  • Tanaka, Yasuhito, 2020. "非分割的な労働供給のもとでの非自発的失業の存在 - 単純な世代重複完全競争モデルによって - [The existence of involuntary unemployment under indivisible labor supply - By simple overlapping perfect competition model -]," MPRA Paper 98904, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:98904
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/98904/1/MPRA_paper_98904.pdf
    File Function: original version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/98998/1/MPRA_paper_98904.pdf
    File Function: revised version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/98998/8/MPRA_paper_98998.pdf
    File Function: revised version
    Download Restriction: no
    File URL: https://mpra.ub.uni-muenchen.de/99271/1/MPRA_paper_99271.pdf
    File Function: revised version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Otaki, Masayuki, 2007. "The dynamically extended Keynesian cross and the welfare-improving fiscal policy," Economics Letters, Elsevier, vol. 96(1), pages 23-29, July.
    2. Marc Lavoie, 2001. "Efficiency Wages in Kaleckian Models of Employment," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 23(3), pages 449-464, March.
    3. McDonald, Ian M & Solow, Robert M, 1981. "Wage Bargaining and Employment," American Economic Review, American Economic Association, vol. 71(5), pages 896-908, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yasuhito Tanaka, 2020. "Involuntary unemployment in overlapping generations model due to instability of the economy," Papers 2012.12199, arXiv.org.
    2. Tanaka, Yasuhito, 2020. "Positive or negative real balance effects, involuntary unemployment, three-generations overlapping generations model," MPRA Paper 104333, University Library of Munich, Germany.
    3. Tanaka, Yasuhito, 2019. "Involuntary unemployment under indivisible labor supply: Perfect competition case," MPRA Paper 97832, University Library of Munich, Germany.
    4. Tanaka, Yasuhito, 2020. "非自発的失業の存在について：世代重複完全競争モデルを用いて [On the existence of involuntary unemployment: Overlapping generations perfect competition model]," MPRA Paper 98407, University Library of Munich, Germany.
    5. Tanaka, Yasuhito, 2021. "Involuntary unemployment in overlapping generations model due to instability of the economy and fiscal policy for full-employment," MPRA Paper 106214, University Library of Munich, Germany.
    6. Tanaka Yasuhito, 2022. "Involuntary Unemployment Under Ongoing Nominal Wage Rate Decline in Overlapping Generations Model," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 67(1), pages 11-26, April.
    7. Tanaka, Yasuhito, 2020. "Divisibility and indivisibility of labor supply, and involuntary unemployment: A perfect competition model," MPRA Paper 98405, University Library of Munich, Germany.
    8. Tanaka, Yasuhito, 2020. "Involuntary unemployment with divisible labor supply with a three-periods overlapping generations model under monopolistic competition," MPRA Paper 99354, University Library of Munich, Germany.
    9. Tanaka, Yasuhito, 2020. "Divisibility and indivisibility of labor supply, and involuntary unemployment: A monopolistic competition model with homothetic preferences," MPRA Paper 98406, University Library of Munich, Germany.
    10. Yasuhito Tanaka, 2022. "Involuntary Unemployment Due to Instability of the Economy and Fiscal Policy for Full-Employment," Research in Business and Management, Macrothink Institute, vol. 9(1), pages 1-20, December.
    11. Tanaka Yasuhito, 2020. "Involuntary Unemployment in a Neoclassical Model," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 65(2), pages 12-28, August.
    12. Tanaka, Yasuhito, 2020. "非自発的失業の存在 - 単純な世代重複完全競争モデルによって - [The existence of unemployment - By a simple overlapping generations perfect competition model -]," MPRA Paper 98905, University Library of Munich, Germany.
    13. Tanaka, Yasuhito, 2021. "Technical progress and involuntary unemployment under deflation with real balance effect and fiscal policy for full-employment," MPRA Paper 106714, University Library of Munich, Germany.
    14. Tanaka, Yasuhito, 2020. "Involuntary unemployment as a Nash equilibrium and fiscal policy," MPRA Paper 102049, University Library of Munich, Germany.
    15. Otaki, Masayuki, 2009. "A welfare economics foundation for the full-employment policy," Economics Letters, Elsevier, vol. 102(1), pages 1-3, January.
    16. Tanaka, Yasuhito, 2020. "Involuntary unemployment under monopolistic competition and fiscal policy for full-employment," MPRA Paper 101479, University Library of Munich, Germany.
    17. Tanaka, Yasuhito, 2019. "Indivisible labor supply and involuntary unemployment: Increasing returns to scale case," MPRA Paper 97378, University Library of Munich, Germany.
    18. Yasuhito Tanaka, 2023. "Indivisible Labor Supply And Involuntary Unemployment: Monopolistic Competition Model," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 68(06), pages 1953-1966, December.
    19. Tanaka, Yasuhito, 2020. "Fiscal policy under involuntary unemployment," MPRA Paper 102507, University Library of Munich, Germany.
    20. Polterovich, Victor, 2000. "Employment- wage decisions in the insider-owned firm," BOFIT Discussion Papers 1/2000, Bank of Finland, Institute for Economies in Transition.

    More about this item

    Keywords

    非自発的失業，完全競争，非分割的労働供給，世代重複モデル;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:98904. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.