汇率变动对就业的影响——基于内生劳动供给模型的研究

本文在开放条件下的内生劳动供给模型中假定居民可以将一定比例的收入以资产的形式持有,以此来分析汇率变动对就业的影响。结果发现,汇率变动对均衡就业水平的影响是不确定的,它取决于商品消费的相对风险规避系数和其临界值的相对大小。由于我国的现实条件所限,当前中国居民的相对风险规避系数较大,因此汇率升值将不利于我国就业,1980年至2005年中国制造业就业的实证分析验证了这个结论。

The Effect of the Change of Exchange Rate on Employment:A Study based on the Endogenous Labor Supply Models

By the assumption of people can hold some income at the form of assets,this article expands the open-form endogenous labor supply models to study the effect of the change of exchange rate on employment.We find that the effect depends on both the consumer's relative risk aversion coefficient and the critical value of the coefficient.In today's reality,Chinese people's relative risk aversion coefficient is quite large,so the appreciation of RMB would go against our employment.The positive analysis using the d...