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An Equilibrium Model of Sectoral Reallocation

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Author Info
Rogerson, Richard

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Abstract

This paper constructs a two-period, two-sector model in which there are permanent sectoral shocks. It analyzes the equilibrium path of individual labor supply, sectoral em ployment, and duration of unemployment in response to these shocks. E quilibrium allocations are shown to be easy to characterize and compa rative statistics results are provided. Copyright 1987 by University of Chicago Press.

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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 95 (1987)
Issue (Month): 4 (August)
Pages: 824-34
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Handle: RePEc:ucp:jpolec:v:95:y:1987:i:4:p:824-34

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This item is featured on the following reading lists:
  1. Quantitative Macroeconomics and Real Business Cycles (QM&RBC)
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  1. Chris Heaton & Paul Oslington, 2006. "Micro Vs Macro Explanations of Post-War US Unemployment Movements," Research Papers 0604, Macquarie University, Department of Economics. [Downloadable!]
  2. Gadi Barlevy, 1999. "Credit Market Frictions and the Reallocation Process," Discussion Papers 1251, Northwestern University, Center for Mathematical Studies in Economics and Management Science. [Downloadable!]
  3. Patrick Kline, 2008. "Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services Industry," Cowles Foundation Discussion Papers 1645, Cowles Foundation, Yale University. [Downloadable!]
  4. Russell Cooper & John C. Haltiwanger, 1990. "Inventories and the Propagation of Sectoral Shocks," NBER Working Papers 2425, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. Eric Swanson, 2006. "The Relative Price and Relative Productivity Channels for Aggregate Fluctuations," Contributions to Macroeconomics, Berkeley Electronic Press, vol. 6(1), pages 1293-1293. [Downloadable!] (restricted)
    Other versions:
  6. Scott Schuh & Robert K. Triest, 1998. "Job reallocation and the business cycle: new facts for an old debate," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, issue Jun, pages 271-357. [Downloadable!]
  7. Andrew Atkeson & Patrick J. Kehoe, 1995. "Optimal social insurance, incentives, and transition," Working Papers 546, Federal Reserve Bank of Minneapolis. [Downloadable!]
  8. Yongsung Chang & Noh-Sun Kwark, 2000. "Decomposition of Hours Based on Extensive and Intensive Margins of Labor," Econometric Society World Congress 2000 Contributed Papers 1416, Econometric Society. [Downloadable!]
    Other versions:
  9. Scott Schuh & Robert K Triest, 1998. "Job Reallocation And The Business Cycle: New Facts An Old Debate," Working Papers 98-11, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
  10. Michael H. Riordan & Robert W. Staiger, 1988. "Sectoral Shocks and Structural Unemployment," NBER Working Papers 2522, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  11. Beth Daponte, 1996. "Race and Ethnicity During an Economic Transition: The Withdrawal of Puerto Rican Women from New York City's Labour Force, 1960--1980," Regional Studies, Taylor and Francis Journals, vol. 30(2), pages 151-166, April. [Downloadable!] (restricted)
  12. Jonas D.M. Fisher & Andreas Hornstein, 1997. "(S,s) Inventory policies in general equilibrium," Working Paper 97-07, Federal Reserve Bank of Richmond. [Downloadable!]
    Other versions:
  13. Andrew Atkeson & Patrick J. Kehoe, 1995. "Social insurance and transition," Staff Report 202, Federal Reserve Bank of Minneapolis. [Downloadable!]
    Other versions:
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