Holden, K. and Peel, David (1981) Unemployment and the Replacement Ratio. Some Reduced Form Estimates. Economics Letters, 8 (4). pp. 349-354. ISSN 0165-1765Full text not available from this repository.
Conventional estimates of the effects of the replacement ratio on unemployment treat output as exogenous. A reduced form approach is proposed which avoids this and results in a much reduced elasticity of unemployment with respect to the replacement ratio.
|Journal or Publication Title:||Economics Letters|
|Subjects:||H Social Sciences > HB Economic Theory|
|Departments:||Lancaster University Management School > Economics|
|Deposited On:||17 Jul 2012 14:40|
|Last Modified:||03 Nov 2015 16:08|
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