POLICY ANALYSIS IN A MATCHING MODEL WITH INTENSIVE AND EXTENSIVE MARGINS

• 成果类型: Article
• 署名作者: Fang, Lei; Rogerson, Richard
• 署名单位: Arizona State University; Arizona State University-Tempe; Federal Reserve System - USA; Federal Reserve Bank - Atlanta
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2009.00563.x
• 发表日期: 2009
• 页码: 1153-1168
• 关键词: labor-market; search

摘要

The large differences in hours of work across rich countries reflect large differences in both employment to population ratios and hours per worker. We imbed the canonical model of labor supply into a matching model to produce a model with operative intensive and extensive margins, and assess the implications of several policies for changes along the two margins. Tax and transfer policies lead to decreases along both margins, whereas regulations that increase the cost of creating or maintaining a job may lead to decreases in employment, but necessarily lead to increases in hours per worker.