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題名 The impact of the COVID-19 pandemic on high-skilled and low-skilled labor markets in a DSGE model
作者 朱琇妍
Chu, Shiou-Yen
貢獻者 財政系
關鍵詞 labor hoarding; stimulus consumption voucher; Taiwan
日期 2023-07
上傳時間 29-Nov-2023 16:25:32 (UTC+8)
摘要 This research analyzes the unequal impact of COVID-19 on high-skilled and low-skilled labor in a dynamic stochastic general equilibrium (DSGE) model. The model is calibrated to fit Taiwan's economy and evaluates the effectiveness of various fiscal measures, including an increase in government spending, an increase in lump-sum transfers, a disbursement of consumption vouchers, and an income tax cut, for combating the pandemic recession. Our results indicate that low-skilled households tend to hoard labor more than high-skilled households during economic downturns. An income tax cut outperforms other fiscal instruments in generating the highest aggregate welfare and in advancing output, employment, and consumption.
關聯 Scottish Journal of Political Economy, Vol.71, No.1, pp.41-74
資料類型 article
DOI https://doi.org/10.1111/sjpe.12356
dc.contributor 財政系-
dc.creator (作者) 朱琇妍-
dc.creator (作者) Chu, Shiou-Yen-
dc.date (日期) 2023-07-
dc.date.accessioned 29-Nov-2023 16:25:32 (UTC+8)-
dc.date.available 29-Nov-2023 16:25:32 (UTC+8)-
dc.date.issued (上傳時間) 29-Nov-2023 16:25:32 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/148221-
dc.description.abstract (摘要) This research analyzes the unequal impact of COVID-19 on high-skilled and low-skilled labor in a dynamic stochastic general equilibrium (DSGE) model. The model is calibrated to fit Taiwan's economy and evaluates the effectiveness of various fiscal measures, including an increase in government spending, an increase in lump-sum transfers, a disbursement of consumption vouchers, and an income tax cut, for combating the pandemic recession. Our results indicate that low-skilled households tend to hoard labor more than high-skilled households during economic downturns. An income tax cut outperforms other fiscal instruments in generating the highest aggregate welfare and in advancing output, employment, and consumption.-
dc.format.extent 98 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) Scottish Journal of Political Economy, Vol.71, No.1, pp.41-74-
dc.subject (關鍵詞) labor hoarding; stimulus consumption voucher; Taiwan-
dc.title (題名) The impact of the COVID-19 pandemic on high-skilled and low-skilled labor markets in a DSGE model-
dc.type (資料類型) article-
dc.identifier.doi (DOI) 10.1111/sjpe.12356-
dc.doi.uri (DOI) https://doi.org/10.1111/sjpe.12356-