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Differential Responses of Labor Supply across Productivity Groups

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  • Maliar, Lilia
  • Maliar, Serguei

Abstract

There is a substantial amount of microeconomic evidence documenting diferential responses oflabor supply across productivity groups. In partic-ular, more productive individuals: (i) enjoy ahigher employment rate, (ii) have a lower volatility of employment and (iii) spend less time workingat home. This paper constructs a real business cycle model with permanent heterogeneity inindividual productivity. We calibrate the model with five productivity groups to match keyaggregate features of the U.S. economy. We find that the model delivers most of the properties ofthe data.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Macroeconomics.

Volume (Year): 22 (2000)
Issue (Month): 1 (January)
Pages: 85-108

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Handle: RePEc:eee:jmacro:v:22:y:2000:i:1:p:85-108

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Web page: http://www.elsevier.com/locate/inca/622617

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Cited by:
  1. Lilia Maliar & Serguei Maliar, 2003. "Indivisible Labor, Lotteries And Idiosyncratic Productivity Shocks," Working Papers. Serie AD 2003-38, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Lilia Maliar & Serguei Maliar, 2003. "Quasi-Linear Preferences In The Macroeconomy: Indeterminacy, Heterogeneity Andthe Representative Consumer," Working Papers. Serie AD 2003-30, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  3. Lilia Maliar & Serguei Maliar, 2003. "The Representative Consumer in the Neoclassical Growth Model with Idiosyncratic Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 368-380, April.

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