2017 Fiscal Year Final Research Report
Friction in the labor market and welfare
| Project/Area Number |
16H07165
|
|---|
| Research Category |
Grant-in-Aid for Research Activity Start-up
|
| Allocation Type | Single-year Grants |
|---|
| Research Field |
Economic theory
|
|---|
| Research Institution | Gakushuin University |
|---|
Principal Investigator |
|
|---|
| Project Period (FY) |
2016-08-26 – 2018-03-31
|
| Keywords | マクロ経済学 / 労働市場 / サーチ理論 |
|---|
| Outline of Final Research Achievements |
This project explored the quantitative impact on welfare in a standard search and matching model of the labor market considering situations in which welfare is not maximized. This study computed the welfare loss under various parametric assumptions about bargaining power and found that, for a broad range of the parameter, the welfare loss is relatively minor. Further, this project investigated how the welfare consequences are altered in the presence of a fixed matching cost and increasing returns to scale in the matching function.
|
| Free Research Field |
マクロ経済学
|
