De Economist

, Volume 133, Issue 4, pp 484–526

A model of the Dutch labour market (AMO-K)

Authors

  • J. A. M. Heijke
  • J. De Koning
  • R. J. M. Maas
    • National Institute for Public Health and Environment (RIVM)
  • G. Den Broeder
    • Netherlands Economic Institute (NEI)
Article

DOI: 10.1007/BF01675838

Cite this article as:
Heijke, J.A.M., De Koning, J., Maas, R.J.M. et al. De Economist (1985) 133: 484. doi:10.1007/BF01675838
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Summary

So far, the labour market has not received any special attention from macro-econometric model builders. In this article an attempt has been made to describe the labour market in detail, paying attention to such important phenomena as the friction between labour supply and demand, the heterogeneity of labour, the dependence of labour supply on the labour-market situation, the Phillips mechanism and the impact of real wages on labour demand. To make it suitable for policy simulations, the model has been extended to a complete macro-econometric model, taking account of the fact that both labour and capital limit the production possibilities.

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Copyright information

© H.E. Stenfert Kroese B.V. 1985