The effects of labour market reforms upon unemployment and income inequalities: an agent-based model
The effects of labour market reforms upon unemployment and income inequalities: an agent-based model
复制标题
DOI:
10.1093/ser/mwx054
复制
发表时间:
2018-10-01
影响因子:
3.7
通讯作者:
Virgillito, Maria Enrica
中科院分区:
文献类型:
--
作者:
Dosi, Giovanni;Pereira, Marcelo C.;Virgillito, Maria Enrica
This work analyses the effects of labour market structural reforms by means of the labour-augmented 'Schumpeter meeting Keynes' (K+S) Agent-Based model. We introduce a policy regime change characterized by a set of structural reforms on the labour market. Confirming a recent IMF report, the model shows how structural reforms reducing workers' bargaining power and compressing wages tend to increase (a) unemployment, (b) functional income inequality and (c) personal income inequality. We further undertake a global sensitivity analysis on key variables and parameters which corroborates the robustness of our findings.