The Macrodynamics of Employment Under Uncertainty

• Tipo: Artigo em Livro de Atas de Conferência Internacional
• Data: 2013

Autores

Paulo Ricardo Mota (Autor) FEP; Vasconcelos, PB (Autor) FEP

Ata de Conferência Internacional

Título: Dynamics, Games and Science

Páginas: 479-497

International Conference and Advanced School Planet Earth, Dynamics, Games and Science II (DGS II)

World Renowned Calouste Gulbenkian Fdn, PORTUGAL, AUG 28-SEP 06, 2013

Indexação

ISI Web of Knowledge - 5 Citações

Outras Informações

ID Authenticus: P-00K-RQM

DOI: 10.1007/978-3-319-16118-1_25

Abstract (EN): Inthe context of the current Eurozone crisis, the study of the effects of uncertainty in the macrodynamics of employment is a topic of major importance. This paper tackles this challenging question. At a first step a non-ideal relay hysteresis type microeconomic model of employment adjustment with uncertainty is presented. Then, an aggregation mechanism is explicitly considered in order to analyse the aggregate level of employment. Finally, as a new feature, uncertainty is considered endogenously determined by the actual state of the economy. Aggregate time-series built from micro monthly data on a representative sample of Portuguese manufacturing firms is used on a computational implementation of the linear play model of hysteresis. Results illustrate that uncertainty enhances the hysteretic behaviour of employment in small firms, but this effect is not significant for large ones.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 19