Income Distribution Dynamics, Indivisible Labor and Policy Implications
- 주제(키워드) 도움말 Income distribution dynamics , Heterogeneous agent model , Indivisible labor , Unemployment compensation
- 발행기관 서강대학교 일반대학원 경제학과
- 지도교수 곽노선
- 발행년도 2014
- 학위수여년월 2014. 8
- 학위명 석사
- 학과 및 전공 도움말 일반대학원 경제학과
- 실제URI http://www.dcollection.net/handler/sogang/000000054049
- 본문언어 영어
- 저작권 서강대학교 논문은 저작권보호를 받습니다.
초록/요약 도움말
This paper investigates the cyclical behavior of the income distribution over business cycles as well as policy implications for the income share dynamics of individuals in the lowest income group using a heterogeneous agent model. The main findings are (i) the heterogeneous agent model with an indivisible labor supply plays an important role in explaining the steady state distributions of wealth, earnings and income, (ii) the indivisible labor supply performs much better for the cyclical behavior of the income distribution than the divisible labor model, and (iii) the unemployment compensation plays an important role in stabilizing the income share for the lowest income group.
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