Employment Flexibility, Dual Labour Markets, Growth, and Distribution

Autor:	Dany Lang, Sébastien Charles, Amitava Krishna Dutt
Rok vydání:	2015
Předmět:	Macroeconomics Flexibility (engineering) Economics and Econometrics Labour economics business.industry Structural adjustment Labour market flexibility Distribution (economics) Term (time) Dual (category theory) Income distribution Economics business Aggregate demand
Zdroj:	Metroeconomica. 66:771-807
ISSN:	0026-1386
DOI:	10.1111/meca.12093
Popis:	Many policymakers and economists have argued in favour of greater labour market flexibility as a part of structural adjustment reforms that are expected to improve economic performance. Existing post-Keynesian-Kaleckian (PKK) models are unable to address these issues because they assume away long-term labour by allowing employment to be short term and adjusting freely with output. This paper introduces long-term labour into PKK models. We develop a model that provides alternative ways of modelling labour market flexibility and suggest that when aggregate demand issues are important, an increase in employment flexibility is likely to have adverse growth and distributional impacts.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2bc61f9d009a154a0877aa2b586bba86 https://doi.org/10.1111/meca.12093 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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