EconPapers    
Economics at your fingertips  
 

Can a matching model explain the long-run increase in Canada's unemployment rate?

Andreas Hornstein and Mingwei Yuan ()

No 98-02, Working Paper from Federal Reserve Bank of Richmond

Abstract: We construct a simple general equilibrium model of unemployment and calibrate it to the Canadian economy. Job creation and destruction are endogenous. In this model, we consider several potential factors which could contribute to the long-run increase in the Canadian unemployment rate: a more generous unemployment insurance system, higher layoff costs, higher distortionary taxes, and a slower rate of productivity growth. We find that in the model economy the impact of all of these factors on the unemployment rate is small.

Keywords: Unemployment; Econometric models (search for similar items in EconPapers)
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.richmondfed.org/publications/research/working_papers/1998/wp_98-2.cfm (text/html)
http://www.richmondfed.org/publications/research/w ... /1998/pdf/wp98-2.pdf (application/pdf)

Related works:
Journal Article: Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate? (1999) Downloads
Working Paper: Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate? (1998) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedrwp:98-02

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Paper from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-04-08
Handle: RePEc:fip:fedrwp:98-02