Job Guarantee: a Structuralist Perspective
Job Guarantee: a Structuralist Perspective
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就业保障:结构主义视角
DOI:
10.4000/regulation.10988
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发表时间:
2014
期刊:
影响因子:
--
通讯作者:
A. Godin
中科院分区:
文献类型:
--
作者:
A. Godin
This paper aims at formalising and assessing the validity of the critiques of the Job Guarantee (JG) policy proposed by Minsky (1965). In order to do so, we develop a multisectoral Post-Keynesian Stock-Flow Consistent (PK-SFC) model. Our paper is a step, following Missaglia (2011), towards the creation of a structuralist/ SFC model. We introduce several new features in an PK-SFC model: (i) a more disaggregated households sector than usual, (ii) three production sectors and the possibility of constrained output, and (iii) a more elaborated labor market with endogenous labor supply. We use the model to compare and contrast two Keynesian policies: theJG and a traditional Keynesian Demand Spur (KDS).