Background | μ | Φ | τ | Number | e | \( {\mathrm{N}}_{\mathrm{t}}^{\mathrm{wh}} \) | \( {\mathrm{N}}_{\mathrm{t}}^{\mathrm{wl}} \) | \( {\mathrm{N}}_{\mathrm{t}}^{\mathrm{rh}} \) | \( {\mathrm{N}}_{\mathrm{t}}^{\mathrm{rl}} \) | wt | δ* | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Low unemployment rate | High-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.11 | 0.1 | 0.9 | 0.05 | 0.45 | 0.6 | 0.4144 |
Low-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.25 | 0.1 | 0.9 | 0.05 | 0.45 | 0.3 | 0.1746 | |
High unemployment rate | High-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.12 | 0.1 | 0.9 | 0.05 | 0.45 | 0.6 | 0.4097 |
Low-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.3 | 0.1 | 0.9 | 0.05 | 0.45 | 0.3 | 0.1629 | |
Low wage rate | High-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.11 | 0.1 | 0.9 | 0.05 | 0.45 | 0.4 | 0.2763 |
Low-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.25 | 0.1 | 0.9 | 0.05 | 0.45 | 0.2 | 0.1164 | |
High wage rate | High-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.11 | 0.1 | 0.9 | 0.05 | 0.45 | 0.6 | 0.4144 |
Low-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.25 | 0.1 | 0.9 | 0.05 | 0.45 | 0.3 | 0.1746 | |
Low substitution effect | High-skilled workers | 1 | 0.8 | 0.28 | 0.005 | 0.11 | 0.1 | 0.9 | 0.05 | 0.45 | 0.6 | 0.4144 |
Low-skilled workers | 0.7 | 0.8 | 0.28 | 0.005 | 0.25 | 0.1 | 0.9 | 0.05 | 0.45 | 0.3 | 0.2494 | |
High substitution effect | High-skilled workers | 2 | 0.8 | 0.28 | 0.005 | 0.11 | 0.1 | 0.9 | 0.05 | 0.45 | 0.6 | 0.2072 |
Low-skilled workers | 1.2 | 0.8 | 0.28 | 0.005 | 0.25 | 0.1 | 0.9 | 0.05 | 0.45 | 0.3 | 0.1455 |