| Full text | |
| Author(s): |
Dosi, Giovanni
[1]
;
Pereira, Marcelo C.
[1, 2]
;
Roventini, Andrea
[1, 3]
;
Virgillito, Maria Enrica
[1, 4]
Total Authors: 4
|
| Affiliation: | [1] Scuola Super Sant Anna, Inst Econ, Piazza Martiri Liberta 33, I-56127 Pisa - Italy
[2] Univ Estadual Campinas, Inst Econ, BR-13083970 Campinas, SP - Brazil
[3] Sci Po, OFCE, 60, Rue Dostoievski, BP 850690, Sophia Antipolis - France
[4] Univ Cattolica Sacro Cuore, Inst Econ Policy, Via Pietro Necchi 5, I-20123 Milan - Italy
Total Affiliations: 4
|
| Document type: | Journal article |
| Source: | SOCIO-ECONOMIC REVIEW; v. 16, n. 4, p. 687-720, OCT 2018. |
| Web of Science Citations: | 3 |
| Abstract | |
This work analyses the effects of labour market structural reforms by means of the labour-augmented `Schumpeter meeting Keynes' (K+S) Agent-Based model. We introduce a policy regime change characterized by a set of structural reforms on the labour market. Confirming a recent IMF report, the model shows how structural reforms reducing workers' bargaining power and compressing wages tend to increase (a) unemployment, (b) functional income inequality and (c) personal income inequality. We further undertake a global sensitivity analysis on key variables and parameters which corroborates the robustness of our findings. (AU) | |
| FAPESP's process: | 15/09760-3 - Quantitative validation of agent-based simulation models: a protocol proposal for sensitivity analysis and model parameter validation with empirical data |
| Grantee: | Marcelo de Carvalho Pereira |
| Support Opportunities: | Scholarships in Brazil - Post-Doctoral |