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- W2570402011 abstract "The textbook bathtub model attributes a minor role to labor force participation. Recent empirical research shows that participation accounts for around one-third of the fluctuations in unemployment. This article outlines a for introducing the intermediate macroeconomics student to an augmented bathtub model, enhancing the student's understanding of how participation impacts the unemployment rate within a dynamic context. Further, the flow-based approach correctly demonstrates the mild counter-cyclicality of labor market participation. International evidence is analyzed by utilizing available labor market flow data for the US and the UK. Finally, a pedagogically effective simulation exercise incorporating a spreadsheet technique is demonstrated." @default.
- W2570402011 created "2017-01-13" @default.
- W2570402011 creator A5032080616 @default.
- W2570402011 date "2016-01-01" @default.
- W2570402011 modified "2023-09-27" @default.
- W2570402011 title "Incorporating the Participatory Margin When Teaching the Bathtub Model of the Labor Market" @default.
- W2570402011 doi "https://doi.org/10.2139/ssrn.2886709" @default.
- W2570402011 hasPublicationYear "2016" @default.
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