文章基本信息

标题：Endogenous participation in imperfect labor and capital markets
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作者：Spiros Bougheas ; Richard Upward
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2013
卷号：33
期号：4
页码：2454-2464
出版社：Economics Bulletin
摘要：We introduce endogenous participation in an economy with labor and financial market frictions. Agents can choose to be workers or entrepreneurs or not to participate in any market. We examine how the transition rates between these three options are affected by productivity shocks (business cycle conditions) and by changes in the level of market frictions (cross-country institutional quality variations).
关键词：endogenous participation; labor market frictions; financial market frictions