کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5060314 1371800 2011 4 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Externality in labor supply and government spending
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Externality in labor supply and government spending
چکیده انگلیسی

Standard business cycle models face difficulties generating (i) government spending multipliers exceeding unity and (ii) stabilizing effects of government size. Using a simple model with externality in labor supply, we show that a sufficient degree of complementarity between aggregate and private labor supplies is key to reproducing these stylized facts.

► We develop a simple equilibrium model with labor supply externality. ► Allowing for a labor supply externality leads to government spending multipliers exceeding unity. ► A sufficient degree of complementarity between aggregate and private labor supplies generates stabilizing effects of government size.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 112, Issue 3, September 2011, Pages 273-276
نویسندگان
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