Martin, Christian W. ; Neugart, Michael (2009)
Shocks and endogenous institutions: an agent-based model of labor market performance in turbulent times.
In: Computational Economics, 33 (1)
doi: 10.1007/s10614-008-9149-z
Article, Bibliographie
This is the latest version of this item.
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.
| Item Type: | Article |
|---|---|
| Erschienen: | 2009 |
| Creators: | Martin, Christian W. ; Neugart, Michael |
| Type of entry: | Bibliographie |
| Title: | Shocks and endogenous institutions: an agent-based model of labor market performance in turbulent times |
| Language: | English |
| Date: | 2009 |
| Place of Publication: | Dordrecht |
| Publisher: | Springer |
| Journal or Publication Title: | Computational Economics |
| Volume of the journal: | 33 |
| Issue Number: | 1 |
| DOI: | 10.1007/s10614-008-9149-z |
| URL / URN: | http://link.springer.com/article/10.1007%2Fs10614-008-9149-z |
| Corresponding Links: | |
| 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. |
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Fachgebiet Finanzwissenschaft und Wirtschaftspolitik |
| Date Deposited: | 26 Mar 2012 06:54 |
| Last Modified: | 18 Jul 2024 10:09 |
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| Suche nach Titel in: | TUfind oder in Google |
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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)
- Shocks and endogenous institutions: an agent-based model of labor market performance in turbulent times. (deposited 26 Mar 2012 06:54) [Currently Displayed]
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