ヨコタ　コウジ   YOKOTA Koji   横田　宏治    所属   経済学部 経済学科    データサイエンス学環    職種   教授
言語種別	英語
発行・発表の年月	2012/04
形態種別	大学・研究所等紀要
標題	Time Discount and Convex Hiring Cost
執筆形態	単著
掲載誌名	CBC Working paper
掲載区分	国内
巻・号・頁	147
概要	When rebargaining on wages is allowed after the worker-firm match is formed, search equilibrium with multiple hiring does not necessarily exhausts labor resources when hiring cost is convex. The level of output depends on the time discount factor of the consumer. Properties of the resulting demand-driven business cycles are studied using periodic steady state technique with comparison with the productivity cycles. Wage rate generally exhibits phase shift against marginal productivity for discount factor fluctuation in contrast to the synchronization of the productivity cycle case.
researchmap用URL	http://hdl.handle.net/10252/4850