Underemployment in a Computable General Equilibrium Model

Roberto Roson

No 2022:17, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: This paper presents a methodology to account, in a computable general equilibrium model, for the presence of underemployment in an economic system. The methodology is based on the estimation of a matrix, mapping different categories of workers to levels of educational attainment. A procedure is proposed, which allows recalculating the matrix after the realization of a simulation with a CGE model, when employment levels are varied. In this way, a new matrix is made consistent with the simulation results, identifying a new equilibrium in the labor market, which entails a different combination of unemployment and underemployment.

Keywords: Underemployment; Unemployment; Labor Market; Computable General Equilibrium Models (search for similar items in EconPapers)
JEL-codes: C68 C82 D58 E24 I20 J21 J24 J62 J82 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2022
New Economics Papers: this item is included in nep-cmp
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2022:17

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