| 000 | 02339cam a22003497 4500 | ||
|---|---|---|---|
| 001 | w27445 | ||
| 003 | NBER | ||
| 005 | 20211020103640.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2020 mau fo 000 0 eng d | ||
| 100 | 1 |
_aGibson, John. _911362 |
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| 245 | 1 | 0 |
_aPollution and Labor Market Search Externalities Over the Business Cycle / _cJohn Gibson, Garth Heutel. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c2020. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w27445 |
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| 500 | _aJune 2020. | ||
| 520 | 3 | _aWe study the relationship between unemployment, environmental policy, and business cycles. We develop a dynamic stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities from labor market search frictions, which generate unemployment. We consider two policies to address the market failures: an emissions tax and a tax or subsidy on job creation. With both policies present, the efficient outcome can be achieved. When one policy is constrained or absent, we solve for the second best. The absence of a vacancy policy to address the congestion externalities substantially affects the value of the emissions tax, both in steady state and over the business cycle. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2Journal of Economic Literature class. |
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| 690 | 7 |
_aE32 - Business Fluctuations • Cycles _2Journal of Economic Literature class. |
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| 690 | 7 |
_aQ58 - Government Policy _2Journal of Economic Literature class. |
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| 700 | 1 |
_aHeutel, Garth. _912797 |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w27445. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w27445 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w27445 |
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_2ddc _cW-PAPER |
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_c320678 _d279240 |
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