英文标题：
《Involuntary unemployment in overlapping generations model due to
  instability of the economy》
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作者：
Yasuhito Tanaka
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最新提交年份：
2020
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英文摘要：
  The existence of involuntary unemployment advocated by J. M. Keynes is a very important problem of the modern economic theory. Using a three-generations overlapping generations model, we show that the existence of involuntary unemployment is due to the instability of the economy. Instability of the economy is the instability of the difference equation about the equilibrium price around the full-employment equilibrium, which means that a fall in the nominal wage rate caused by the presence of involuntary unemployment further reduces employment. This instability is due to the negative real balance effect that occurs when consumers\' net savings (the difference between savings and pensions) are smaller than their debt multiplied by the marginal propensity to consume from childhood consumption.
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中文摘要：
凯恩斯倡导的非自愿失业的存在是现代经济理论中一个非常重要的问题。利用三代重叠模型，我们证明了非自愿失业的存在是由于经济的不稳定。经济的不稳定性是关于充分就业均衡的均衡价格差分方程的不稳定性，这意味着非自愿失业导致的名义工资率下降进一步减少了就业。这种不稳定性是由于当消费者的净储蓄（储蓄和养老金之间的差额）小于他们的债务乘以童年消费的边际倾向时，会出现负的实际平衡效应。
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分类信息：

一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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