Martin, Christian W. ; Neugart, Michael (2024)
Shocks and Endogenous Institutions: An Agent-based Model of Labor Market Performance in Turbulent Times.
In: Computational Economics, 2009, 33 (1)
doi: 10.26083/tuprints-00027437
Artikel, Zweitveröffentlichung, Postprint
Kurzbeschreibung (Abstract)
We develop an agent-based model of labor market regulation to study the consequences of employment protection legislations for labor market performance. Unlike most of the existing studies of labor market regulation we endogenize the institutional setting. Workers cast their vote on labor market regulation depending on the past payoffs that they accrued when one of two competing parties with different labor market policy platforms was in power. We identify important interactions with exogenous shocks. In more turbulent economic times, employment protection systems can affect labor market performance for some periods even after the shock has subsided.
| Typ des Eintrags: |
Artikel
|
| Erschienen: |
2024 |
| Autor(en): |
Martin, Christian W. ; Neugart, Michael |
| Art des Eintrags: |
Zweitveröffentlichung |
| Titel: |
Shocks and Endogenous Institutions: An Agent-based Model of Labor Market Performance in Turbulent Times |
| Sprache: |
Englisch |
| Publikationsjahr: |
24 Juni 2024 |
| Ort: |
Darmstadt |
| Publikationsdatum der Erstveröffentlichung: |
2009 |
| Ort der Erstveröffentlichung: |
Dordrecht |
| Verlag: |
Springer |
| Titel der Zeitschrift, Zeitung oder Schriftenreihe: |
Computational Economics |
| Jahrgang/Volume einer Zeitschrift: |
33 |
| (Heft-)Nummer: |
1 |
| Kollation: |
25 Seiten |
| DOI: |
10.26083/tuprints-00027437 |
| URL / URN: |
https://tuprints.ulb.tu-darmstadt.de/27437 |
| Zugehörige Links: |
|
| Herkunft: |
Zweitveröffentlichungsservice |
| Kurzbeschreibung (Abstract): |
We develop an agent-based model of labor market regulation to study the consequences of employment protection legislations for labor market performance. Unlike most of the existing studies of labor market regulation we endogenize the institutional setting. Workers cast their vote on labor market regulation depending on the past payoffs that they accrued when one of two competing parties with different labor market policy platforms was in power. We identify important interactions with exogenous shocks. In more turbulent economic times, employment protection systems can affect labor market performance for some periods even after the shock has subsided. |
| Status: |
Postprint |
| URN: |
urn:nbn:de:tuda-tuprints-274374 |
| Sachgruppe der Dewey Dezimalklassifikatin (DDC): |
300 Sozialwissenschaften > 330 Wirtschaft |
| Hinterlegungsdatum: |
24 Jun 2024 09:50 |
| Letzte Änderung: |
28 Jun 2024 09:43 |
| PPN: |
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| Export: |
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| Suche nach Titel in: |
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Shocks and Endogenous Institutions: An Agent-based Model of Labor Market Performance in Turbulent Times. (deposited 24 Jun 2024 09:50)
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