Towards a quantitative theory of automatic stabilizers: The role of demographics
Towards a quantitative theory of automatic stabilizers: The role of demographics
复制标题
自动稳定器的定量理论：人口统计的作用
DOI：
10.1016/j.jmoneco.2015.12.006
复制
发表时间：
2016
影响因子：
4.1
通讯作者：
Paulo Santos Monteiro
中科院分区：
文献类型：
--
作者：
A. Janiak;Paulo Santos Monteiro
青年和老年工人的就业波动性大于壮年工人。与此同时，在高税率的国家，年轻/老年工人提供的总工时比例较低。这两个观察结果意味着政府规模与商业周期波动性之间存在负相关关系。本文在一个异质代理OLG模型中评估了这两个事实的定量重要性，以解释政府规模与宏观经济稳定之间的经验关系。
Employment volatility is larger for young and old workers than for the prime aged. At the same time, in countries with high tax rates, the share of total hours supplied by young/old workers is lower. These two observations imply a negative correlation between government size and business cycle volatility. This paper assesses in a heterogeneous agent OLG model the quantitative importance of these two facts to account for the empirical relation between government size and macroeconomic stability.