政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/129768

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | 全文笔数/总笔数 : 113303/144284 (79%)
造访人次 : 50803221 在线人数 : 816

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

政大機構典藏 > 社會科學學院 > 經濟學系 > 期刊論文 > Item 140.119/129768

请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/129768

题名:	Business Cycle Fluctuations with the Division of Permanent and Temporary Employment
作者:	賴廷緯 Lai, Ting-Wei 陳冠任 Chen, Kuan-Jen 賴景昌 Lai, Ching-Chong
贡献者:	經濟系
日期:	2019-05
上传时间:	2020-05-25 15:39:31 (UTC+8)
摘要:	In the mainstream real business cycle (RBC) model, labor can be viewed as temporary employment since the firm`s demand for labor behaves directly in response to stochastic productivity shocks in each period. This paper provides a tractable way of analyzing fluctuations in permanent and temporary employment over the business cycle, as well as the underlying driving forces. This inclusion of heterogeneity helps reconcile the RBC model with the U.S. data given that temporary employees in general only account for a small proportion of total private‐sector employment (about 2%–3%). We draw an explicit division between permanent and temporary employment and resort to this separation to account for stylized facts that characterize a two‐tier labor market. In particular, with regard to the U.S. labor market, our benchmark model can well explain the motivating facts: (1) temporary employment is much more volatile than permanent employment, (2) the share of temporary employment (the ratio of temporary to aggregate employment) exhibits strong pro‐cyclicality, (3) permanent employment lags by two quarters on average, and (4) the correlation between temporary employment and output is stronger than that involving the permanent counterpart. The quantitative analysis suggests that our proposed channels explain the main facts well and the model further provides plausible reasoning for a firm`s labor hoarding. (JEL E24, E32)
關聯:	Economic Inquiry, Vol.., No..
数据类型:	期刊論文
DOI 連結:	https://doi.org/10.1111/ecin.12814
DOI:	10.1111/ecin.12814
显示于类别:	[經濟學系] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
272.pdf		715Kb	Adobe PDF2	246	检视/开启

在政大典藏中所有的数据项都受到原著作权保护.

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

数据加载中.....