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The Efects of Labour Market Reforms upon Unemployment and Income Inequalities : an Agent Based Model Giovanni Dosi °
| Content Provider | Semantic Scholar |
|---|---|
| Author | Dosi, Giovanni Pereira, M. C. Roventini, Andrea Virgillito, Maria Enrica |
| Copyright Year | 2016 |
| Abstract | 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 capitaland 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. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.lem.sssup.it/WPLem/files/2016-27.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
