 High and Low-Skilled Labour in a Macroeconometric Model of the NetherlandsPeter Broer, Nick Draper, A. Houweling, F. H. Huizinga and P. A. Jongh Chapter 10 in Market Behaviour and Macroeconomic Modelling, 1998, pp 243-271 from Palgrave Macmillan Abstract: Abstract This paper presents a preliminary version of a new macroeconometric model developed at the Netherlands Bureau for Economic Policy Analysis. It is the result of a research effort with two major objectives. The first one is to build a model that is suitable for short, medium and long-term analyses. The rationale behind this goal is that many current policies and policy proposals are aimed at improving the structure of the economy. Thus, these policies aim to change the equilibrium of the economy. However, the new equilibrium obviously is not reached overnight, and these policies may in effect have very different short and medium-term effects. In particular, the short/ medium and long-term welfare effects of these policies may be of opposite sign, following the saying of ‘no pain, no gain,’ and it is this trade-off between ‘current pain’ and ‘future gain’ that often makes it unclear whether a policy should be adopted, or at least makes the proposal controversial. Keywords: Labour Supply; Price Elasticity; Social Security Contribution; Unemployment Duration; Wage Curve (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26732-3_10 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-26732-3_10 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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