Cyclical movements along the labor supply function
AbstractA consensus in macroeconomics holds that the observed higher-frequency movements in employment and hours of work are movements along a labor-supply function caused by shifts of the labor demand function. Recent theoretical thinking has extended this view to include fluctuations in unemployment, so that macroeconomists can speak coherently of movements along an unemployment function caused by shifts in labor demand.
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Bibliographic InfoThis book is provided by Federal Reserve Bank of Boston in its series Monograph with number 52 and published in 2007.
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- Casey B. Mulligan, 2001.
"Aggregate Implications of Indivisible Labor,"
NBER Working Papers
8159, National Bureau of Economic Research, Inc.
- Rogerson, Richard & Wallenius, Johanna, 2009.
"Micro and macro elasticities in a life cycle model with taxes,"
Journal of Economic Theory,
Elsevier, vol. 144(6), pages 2277-2292, November.
- Richard Rogerson & Johanna Wallenius, 2007. "Micro and Macro Elasticities in a Life Cycle Model With Taxes," NBER Working Papers 13017, National Bureau of Economic Research, Inc.
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