000127729 001__ 127729
000127729 005__ 20170826132131.0
000127729 037__ $$a545-2016-38746
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000127729 245__ $$aLabour Supply Curves for EU Member and Candidate States: An applied general equilibrium analysis
000127729 260__ $$c2012-06-15
000127729 269__ $$a2012-06-15
000127729 300__ $$a19
000127729 336__ $$aWorking or Discussion Paper
000127729 490__ $$aFactor Markets Working Paper
000127729 490__ $$a26
000127729 520__ $$aThis paper introduces a more sophisticated modelling of the labour market functioning of the European member and candidate states through the introduction of labour supply curves in an applied general equilibrium model. A labour supply curve offers a middle way in labour supply modelling, sitting between the two commonly adopted extremes of spare capacity and full employment. The first part of the paper outlines the theoretical foundation of the labour supply curve. Real world data is then used to derive labour supply curves for each member state, along with Croatia and Turkey. Finally, the impact of the newly specified labour markets on the results of an illustrative scenario involving reform of the common agricultural policy is explored. The results of computable general equilibrium analysis with the labour supply curve confirm the theoretical expectation that modelling the labour supply through an upwards-sloping curve produces results that lie between the extremes of spare capacity of the labour factor and fully employed labour. This specification captures a greater degree of heterogeneity in the labour markets of the member and candidate states, allowing for a more nuanced modelling of the effects of policy reform, including welfare effects.
000127729 542__ $$fLicense granted by Eleni Kaditi (eleni.kaditi@ceps.eu) on 2012-07-17T10:05:41Z (GMT):

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000127729 650__ $$aAgricultural and Food Policy
000127729 650__ $$aDemand and Price Analysis
000127729 6531_ $$aLabour supply
000127729 6531_ $$aapplied general equilibrium
000127729 700__ $$aSchutes, Lindsay
000127729 8564_ $$s397370$$uhttp://ageconsearch.umn.edu/record/127729/files/FM%20WP%20No%2026%20Shutes%20Labour%20Supply%20Curves.pdf
000127729 887__ $$ahttp://purl.umn.edu/127729
000127729 909CO $$ooai:ageconsearch.umn.edu:127729$$qGLOBAL_SET
000127729 912__ $$nSubmitted by Eleni Kaditi (eleni.kaditi@ceps.eu) on 2012-07-17T10:18:59Z
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  Previous issue date: 2012-06-15
000127729 982__ $$gFactor Markets>Centre for European Policy Studies>Working Papers
000127729 980__ $$a545