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1The effects of labour market reforms upon unemployment and income inequalities: an agent based model“…Building on Dosi et al. (2016b) we introduce a policy regime change characterized by a set of structural reforms on the labour market, keeping constant the structure of the capital- and consumption-good markets. Confirming a recent IMF report (Jaumotte and Buitron, 2015), the model shows how labour market structural reforms reducing workers’ bargaining power and compressing wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. …”
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2“…The paper presents an agentbased model that investigates the effects of two “archetypes of capitalism”, in terms of regimes of labour governance – defined by the mechanisms of wage determination, firing, labour protection and productivity gains sharing – upon (i) labour market regularities and (ii) macroeconomic dynamics (long-term rates of growth, GDP fluctuations, unemployment rates, inequality, etc..). …”
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3by Institute of Economics. Scuola Superiore Sant'Anna. Laboratory of Economics and Management., Lamperti, Francesco, Dosi, Giovanni, Napoletano, Mauro, Roventini, Andrea, Sapio, Alessandro“…The model comprises heterogeneous fossil-fuel and renewable plants, capital- and consumption-good firms and a climate box linking greenhouse gasses emission to temperature dynamics and microeconomic climate shocks affecting labour productivity and energy demand of firms. …”
Published 2018
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