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Economic fluctuations in a labor mar...

Khalifa, Sherif.

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Economic fluctuations in a labor market with heterogeneous agents.

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Economic fluctuations in a labor market with heterogeneous agents./
作者:	Khalifa, Sherif.
面頁冊數:	173 p.
附註:	Advisers: Thomas Lubik; Louis Maccini.
Contained By:	Dissertation Abstracts International67-11A.
標題:	Economics, General. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3240745
ISBN:	9780542955402

Economic fluctuations in a labor market with heterogeneous agents.
Khalifa, Sherif.

Economic fluctuations in a labor market with heterogeneous agents. - 173 p.

Advisers: Thomas Lubik; Louis Maccini.

Thesis (Ph.D.)--The Johns Hopkins University, 2007.

This dissertation is an attempt to document the cyclical behavior of selected labor market variables that reflect agent heterogeneity, and to analyze the underlying causes of this observed behavior. The analysis deviates from previous attempts in arguing that this objective can be accomplished appropriately by considering not only heterogeneity across the educational levels of agents but also across the educational requirements of jobs that these agents are occupying. The first chapter compiles a dataset from the Outgoing Rotation Group of the Current Population Survey, and derives a set of stylized facts on the cyclical behavior of the weekly hours of work, the hourly wages, the wage premiums and the employment and unemployment ratios of several labor types. The second chapter focuses on a subset of these variables, and develops a dynamic stochastic general equilibrium model in order to identify the factors critical in generating the observed behavior of the variables of interest. The framework features search frictions with heterogeneity of workers and jobs, and proves capable of reproducing the observed behavior. The third chapter complements the second by addressing the implications of monetary policy shocks on the skill premium and unemployment across skills. A vector autorgressive analysis is implemented, and demonstrates that a contractionary monetary policy reduces the skill premium, while induces a larger and more persistent increase in the unemployment ratio of the low educated relative to that of the high educated. The model developed in the second chapter is incorporated into a new Keynesian framework, and the results suggest that the model is capable of reproducing the observation.

ISBN: 9780542955402Subjects--Topical Terms:

1017424
Economics, General.

Economic fluctuations in a labor market with heterogeneous agents.
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502 $a Thesis (Ph.D.)--The Johns Hopkins University, 2007.
520 $a This dissertation is an attempt to document the cyclical behavior of selected labor market variables that reflect agent heterogeneity, and to analyze the underlying causes of this observed behavior. The analysis deviates from previous attempts in arguing that this objective can be accomplished appropriately by considering not only heterogeneity across the educational levels of agents but also across the educational requirements of jobs that these agents are occupying. The first chapter compiles a dataset from the Outgoing Rotation Group of the Current Population Survey, and derives a set of stylized facts on the cyclical behavior of the weekly hours of work, the hourly wages, the wage premiums and the employment and unemployment ratios of several labor types. The second chapter focuses on a subset of these variables, and develops a dynamic stochastic general equilibrium model in order to identify the factors critical in generating the observed behavior of the variables of interest. The framework features search frictions with heterogeneity of workers and jobs, and proves capable of reproducing the observed behavior. The third chapter complements the second by addressing the implications of monetary policy shocks on the skill premium and unemployment across skills. A vector autorgressive analysis is implemented, and demonstrates that a contractionary monetary policy reduces the skill premium, while induces a larger and more persistent increase in the unemployment ratio of the low educated relative to that of the high educated. The model developed in the second chapter is incorporated into a new Keynesian framework, and the results suggest that the model is capable of reproducing the observation.
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