Public enterprises and labor market performance

• 成果类型: Article
• 署名作者: Horner, Johannes; Ngai, L. Rachel; Olivetti, Claudia
• 署名单位: Boston University; Northwestern University; University of London; London School Economics & Political Science
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2007.00431.x
• 发表日期: 2007
• 页码: 363-384
• 关键词: Earnings dynamics; unemployment

摘要

This article shows that state control of some industries may have contributed to the increase in European unemployment from the 1970s to the early 1990s. We develop a simple two-sector model, one privately run and one publicly run, that has risk-averse workers directing their search into one of the sectors. Assuming that the privately run sector is less able to insure its employees against uncertainty, we show that aggregate unemployment in this economy increases in response to an increase in economic turbulence.