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
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DOI:
10.1093/ser/mwx054
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发表时间:
2018-10-01
影响因子:
3.7
通讯作者:
Virgillito, Maria Enrica
Virgillito, Maria Enrica
中科院分区:
经济学2区
文献类型:
--
作者:
Dosi, Giovanni;Pereira, Marcelo C.;Virgillito, Maria Enrica

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这项工作通过劳动力增强的“熊彼特会议凯恩斯”(K+S)代理模型来分析劳动力市场结构性改革的效果。我们引入了以劳动力市场的一系列结构性改革为特征的政策体制变革。该模型证实了国际货币基金组织最近的一份报告,显示了结构性改革降低了工人的议价能力并压缩了工资,从而往往会增加(a)失业率,(b)功能性收入不平等和(c)个人收入不平等。我们进一步对关键变量和参数进行了全局敏感性分析,这证实了我们研究结果的稳健性。
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.