Capital mobility and labor market volatility

被引：2

作者：

Çenesiz M.A. ^{[1
]}

Pierdzioch C. ^{[2
]}

机构：

[1] FEP, CEF.UP, University of Porto, 4200-464 Porto, R. Roberto Frias

[2] Department of Economics, Saarland University, 66041 Saarbruecken

来源：

International Economics and Economic Policy | 2010年 / 7卷 / 4期

关键词：

Capital mobility; Efficiency wages; Labor market volatility;

D O I：

10.1007/s10368-010-0146-z

中图分类号：

学科分类号：

摘要：

We used a dynamic two-country optimizing model featuring efficiency wages to analyze the implications of capital mobility for labor market volatility. Capital mobility magnifies the short-run effects of productivity shocks and monetary shocks on employment and the real wage, but dampens the medium-run effects. The overall effects of capital mobility on the volatility and the cyclical properties of employment and the real wage are moderate. © 2010 Springer-Verlag.

引用

页码：391 / 409

页数：18

共 37 条

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