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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- Rogerson, Richard & Wallenius, Johanna, 2009.
"Micro and macro elasticities in a life cycle model with taxes,"
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Levine's Working Paper Archive
233, David K. Levine.
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