The Cyclicality of the Opportunity Cost of Employment
The Cyclicality of the Opportunity Cost of Employment
复制标题
就业机会成本的周期性
DOI：
10.1086/688876
复制
发表时间：
2013
影响因子：
8.2
通讯作者：
Loukas Karabarbounis
中科院分区：
文献类型：
--
作者：
Gabriel Chodorow;Loukas Karabarbounis
从失业到就业的流动机会成本包括放弃的公共福利和放弃的非工作时间的消费价值。我们使用详细的微观数据和行政或国民账户数据来构建就业机会成本的时间序列，以估计福利水平、资格、就业人数、按劳动力状况划分的消费、工作时间、税收和偏好参数。机会成本在整个商业周期中具有顺周期性和波动性。估计的周期性意味着，与数据中观察到的相比，劳动力市场领先模型中的失业率波动性要小得多，而不考虑机会成本的水平。
The flow opportunity cost of moving from unemployment to employment consists of forgone public benefits and the forgone consumption value of nonworking time. We construct a time series of the opportunity cost of employment using detailed microdata and administrative or national accounts data to estimate benefits levels, eligibility, take-up, consumption by labor force status, hours, taxes, and preference parameters. The opportunity cost is procyclical and volatile over the business cycle. The estimated cyclicality implies far less unemployment volatility in leading models of the labor market than that observed in the data, irrespective of the level of the opportunity cost.