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De Economist

, Volume 133, Issue 4, pp 484–526 | Cite as

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

  • J. A. M. Heijke
  • J. De Koning
  • R. J. M. Maas
  • G. Den Broeder
Article

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.

Keywords

Labour Market International Economic Labour Supply Public Finance Real Wage 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© H.E. Stenfert Kroese B.V. 1985

Authors and Affiliations

  • J. A. M. Heijke
  • J. De Koning
  • R. J. M. Maas
    • 2
  • G. Den Broeder
    • 1
  1. 1.Netherlands Economic Institute (NEI)RotterdamThe Netherlands
  2. 2.National Institute for Public Health and Environment (RIVM)BilthovenThe Netherlands

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