The Labour Market in CGE Models

Stefan Boeters () and Luc Savard ()

Cahiers de recherche from Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke

Abstract: This chapter 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.

Keywords: computable general equilibrium model; labour market; labour supply; labour demand; microsimulation; involuntary unemployment (search for similar items in EconPapers)
JEL-codes: C68 D58 J20 J64 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp and nep-lab
Date: 2011-10
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http://pages.usherbrooke.ca/gredi/wpapers/GREDI-1120.pdf (application/pdf)

Related works:
Working Paper: The Labour Market in CGE Models (2012)
Working Paper: The labour market in CGE models (2011)
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Persistent link: http://EconPapers.repec.org/RePEc:shr:wpaper:11-20

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