The Labour Market in CGE Models

Stefan Boeters and Luc Savard

No 201, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: This paper reviews options of labour market-modelling in a CGE framework. On the labour-supply side, two principal modelling options are distinguished and discussed: aggregated, representative households and microsimulation based on individual household data.On the labour-demand side, we focus on the substitution possibilities between different types of labour in production.With respect to labour-market coordination, we discuss several wage-forming mechanisms and involuntary unemployment.

JEL-codes: C68 D58 J20 J64 (search for similar items in EconPapers)
Date: 2012-01
New Economics Papers: this item is included in nep-lab and nep-lma
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Citations: View citations in EconPapers (11)

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Related works:
Working Paper: The Labour Market in CGE Models (2012)
Working Paper: The Labour Market in CGE Models (2011)
Working Paper: The labour market in CGE models (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:cpb:discus:201

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