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Title:The labour market in CGE models PDF Logo
Authors:Boeters, Stefan
Savard, Luc
Issue Date:2011
Series/Report no.:ZEW Discussion Papers 11-079
Abstract:This chapter reviews options of labour market modelling in a CGE framework. On the labour supply side, two principal modelling options are distinguished and discussed: aggregated, representative households and microsimulation based on individual household data. On the labour demand side, we focus on the substitution possibilities between different types of labour in production. With respect to labour market coordination, we discuss several wage-forming mechanisms and involuntary unemployment.
Subjects:computable general equilibrium model
labour market
labour supply
labour demand
microsimulation
involuntary unemployment
JEL:C68
D58
J20
J64
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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