NDLI: The Effects of Labour Market Reforms upon Unemployment and Income Inequalities: An Agent Based Model

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The Effects of Labour Market Reforms upon Unemployment and Income Inequalities: An Agent Based Model

Content Provider	Scilit
Author	Dosi, Giovanni Pereira, Marcelo C. Roventini, Andrea Virgillito, Maria Enrica
Copyright Year	2016
Description	Journal: SSRN Electronic Journal This paper is meant to analyse the effects of labour market structural reforms by means of an agent-based model. Building on Dosi et al. (2016b) we introduce a policy regime change characterized by a set of structural reforms on the labour market, keeping constant the structure of the capital- and consumption-good markets. Confirming a recent IMF report (Jaumotte and Buitron, 2015), the model shows how labour market structural reforms reducing workers’ bargaining power and compressing wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We further undertake a global sensitivity analysis on key variables and parameters which confirms the robustness of our findings.
Related Links	https://academic.oup.com/ser/article-pdf/16/4/687/27118324/mwx054.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2804220
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2804220
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2016-07-03
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal History and Philosophy of Science Income Inequality
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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