2015年3月
Fiscal stimuli in the form of job creation subsidies
JOURNAL OF MACROECONOMICS
- ,
- 巻
- 43
- 号
- 開始ページ
- 267
- 終了ページ
- 284
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1016/j.jmacro.2014.12.004
- 出版者・発行元
- LOUISIANA STATE UNIV PR
This paper examines the effects of fiscal stimuli in the form of job creation subsidies in a DSGE model with search friction and endogenous job separation. We consider two types of job creation subsidies: a subsidy for the cost of posting vacancies and a hiring subsidy. This paper finds that the effects of job creation subsides on unemployment differ between models with and without endogenous job separation. While a positive job creation subsidy shock lowers unemployment in a model without endogenous job separation, it increases unemployment in a model with endogenous job separation. We also find that while qualitatively the effects of a vacancy cost subsidy on the economy are similar to those of a hiring subsidy, quantitatively they are different. (c) 2015 Elsevier Inc. All rights reserved.
- リンク情報
- ID情報
-
- DOI : 10.1016/j.jmacro.2014.12.004
- ISSN : 0164-0704
- eISSN : 1873-152X
- Web of Science ID : WOS:000350931400019