Social Status, Labour Market Frictions and Endogenous Growth

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY Accounts of Chemical Research Pub Date : 2017-07-14 DOI:10.1111/jere.12153

Hung-Ju Chen, Dongpeng Liu, Xiangbo Liu

引用次数: 0

Abstract

This paper develops an endogenous growth model that incorporates wealth-enhanced preferences for social status and labour market frictions to investigate the role of social status in determining unemployment and long-run growth. We show that the increase in the desire for social status reduces the unemployment rate, but its effect on long-run growth is unclear. We then calibrate our model to the US economy and find that an increase in the desire for social status lowers the unemployment rate and enhances the economic growth rate in the long run.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

社会地位、劳动力市场摩擦与内生增长

本文建立了一个内生增长模型，将财富对社会地位的偏好和劳动力市场摩擦结合起来，研究社会地位在决定失业和长期增长中的作用。我们表明，对社会地位的渴望的增加降低了失业率，但其对长期增长的影响尚不清楚。然后，我们将我们的模型校准到美国经济，发现对社会地位的渴望的增加降低了失业率，并在长期内提高了经济增长率。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.

期刊最新文献

Management of Cholesteatoma: Hearing Rehabilitation. Congenital Cholesteatoma. Evaluation of Cholesteatoma. Management of Cholesteatoma: Extension Beyond Middle Ear/Mastoid. Recidivism and Recurrence.