Capital mobility and labor market volatility

• Tipo: Artigo em Revista Científica Internacional
• Data: 2010

Autores

Cenesiz, MA (Autor) FEP; Pierdzioch, C (Autor) Outra

Revista

Título: International Economics and Economic Policy

Vol. 7

Páginas: 391-409

ISSN: 1612-4804

Editora: Springer Nature

Indexação

Scopus - 2 Citações

Outras Informações

ID Authenticus: P-007-VY4

DOI: 10.1007/s10368-010-0146-z

Abstract (EN): We used a dynamic two-country optimizing model featuring efficiency wages to analyze the implications of capital mobility for labor market volatility. Capital mobility magnifies the short-run effects of productivity shocks and monetary shocks on employment and the real wage, but dampens the medium-run effects. The overall effects of capital mobility on the volatility and the cyclical properties of employment and the real wage are moderate. © 2010 Springer-Verlag.

Idioma: Inglês

Tipo (Avaliação Docente): Científica