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政大機構典藏 > 社會科學學院 > 財政學系 > 期刊論文 > Item 140.119/148221

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/148221

Title:	The impact of the COVID-19 pandemic on high-skilled and low-skilled labor markets in a DSGE model
Authors:	朱琇妍 Chu, Shiou-Yen
Contributors:	財政系
Keywords:	labor hoarding;stimulus consumption voucher;Taiwan
Date:	2024-02
Issue Date:	2023-11-29 16:25:32 (UTC+8)
Abstract:	This research analyzes the unequal impact of COVID-19 on high-skilled and low-skilled labor in a dynamic stochastic general equilibrium (DSGE) model. The model is calibrated to fit Taiwan's economy and evaluates the effectiveness of various fiscal measures, including an increase in government spending, an increase in lump-sum transfers, a disbursement of consumption vouchers, and an income tax cut, for combating the pandemic recession. Our results indicate that low-skilled households tend to hoard labor more than high-skilled households during economic downturns. An income tax cut outperforms other fiscal instruments in generating the highest aggregate welfare and in advancing output, employment, and consumption.
Relation:	Scottish Journal of Political Economy, Vol.71, No.1, pp.41-74
Data Type:	article
DOI 連結:	https://doi.org/10.1111/sjpe.12356
DOI:	10.1111/sjpe.12356
Appears in Collections:	[財政學系] 期刊論文

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