非自発的失業の存在 - 単純な世代重複完全競争モデルによって -

Tanaka, Yasuhito (2020): 非自発的失業の存在 - 単純な世代重複完全競争モデルによって -.

Abstract

We show the existence of involuntary unemployment without assuming wage rigidity. We derive involuntary unemployment by considering utility maximization of consumers and profit maximization of firms in an overlapping generations model under perfect competition with constant returns to scale technology. We show that there exists involuntary unemployment even when labor supply is divisible. We also show that reduction of nominal wages can not rescue involuntary unemployment.

• Item Type: MPRA Paper
• English Title: The existence of unemployment - By a simple overlapping generations perfect competition model -
• Language: Japanese
• Keywords: 非自発的失業，完全競争，分割的労働供給，世代重複モデル
• Subjects: E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes ; Keynesian ; Post-Keynesian; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity

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