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Testing Between Competing Models of Business Cycles: The Efficient Long-Term Contract Hypothesis Versus the Intertemporal Substitution Hypothesis Author info | Abstract | Publisher info | Download info | Related research | Statistics H. Osano
T. Inoue
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Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number
768.
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Date of creation: Mar 1988Date of revision:
Handle: RePEc:nwu:cmsems:768Contact details of provider: Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014 Phone: 847/491-3527 Fax: 847/491-2530 Email: Web page: http://www.kellogg.northwestern.edu/research/math/ More information through EDIRC
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Keywords: References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Ashenfelter, Orley C & Card, David, 1982.
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"Intertemporal Substitution in Labor Supply: Evidence from Micro Data ,"
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Other versions: Hansen, Lars Peter, 1982.
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Abowd, John M & Card, David, 1987.
"Intertemporal Labor Supply and Long-term Employment Contracts ,"
American Economic Review ,
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Other versions: Blundell, Richard & Walker, Ian, 1986.
"A Life-Cycle Consistent Empirical Model of Family Labour Supply Using Cross-Section Data ,"
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Taylor, John B, 1980.
"Aggregate Dynamics and Staggered Contracts ,"
Journal of Political Economy ,
University of Chicago Press, vol. 88(1), pages 1-23, February.
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John Abowd, 1987.
"Collective Bargaining and the Division of the Value of the Enterprise ,"
Working Papers
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David Card, 1986.
"Efficient Contracts with Costly Adjustment: Short-RUn Employment Determination for Airline Mechanics ,"
NBER Working Papers
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Other versions: Azariadis, Costas, 1975.
"Implicit Contracts and Underemployment Equilibria ,"
Journal of Political Economy ,
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Svejnar, Jan, 1986.
"Bargaining Power, Fear of Disagreement, and Wage Settlements: Theory and Evidence from U.S. Industry ,"
Econometrica ,
Econometric Society, vol. 54(5), pages 1055-78, September.
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Other versions: Hall, Robert E., 1980.
"Labor supply and aggregate fluctuations ,"
Carnegie-Rochester Conference Series on Public Policy ,
Elsevier, vol. 12(1), pages 7-33, January.
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MaCurdy, Thomas E & Pencavel, John H, 1986.
"Testing between Competing Models of Wage and Employment Determination in Unionized Markets ,"
Journal of Political Economy ,
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Gallant, A. Ronald & Jorgenson, Dale W., 1979.
"Statistical inference for a system of simultaneous, non-linear, implicit equations in the context of instrumental variable estimation ,"
Journal of Econometrics ,
Elsevier, vol. 11(2-3), pages 275-302.
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Brown, James N & Ashenfelter, Orley, 1986.
"Testing the Efficiency of Employment Contracts ,"
Journal of Political Economy ,
University of Chicago Press, vol. 94(3), pages S40-S87, June.
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Other versions: Browning, Martin & Deaton, Angus & Irish, Margaret, 1985.
"A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle ,"
Econometrica ,
Econometric Society, vol. 53(3), pages 503-43, May.
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Eberts, Randall W & Stone, Joe A, 1986.
"On the Contract Curve: A Test of Alternative Models of Collective Bargaining ,"
Journal of Labor Economics ,
University of Chicago Press, vol. 4(1), pages 66-81, January.
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Montgomery, Edward & Shaw, Kathryn, 1985.
"Long-term contracts, expectations and wage inertia ,"
Journal of Monetary Economics ,
Elsevier, vol. 16(2), pages 209-226, September.
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MaCurdy, Thomas E, 1981.
"An Empirical Model of Labor Supply in a Life-Cycle Setting ,"
Journal of Political Economy ,
University of Chicago Press, vol. 89(6), pages 1059-85, December.
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Ham, John C, 1986.
"Testing Whether Unemployment Represents Intertemporal Labour Supply Behaviour ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 53(4), pages 559-78, August.
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Alogoskoufis, George S, 1987.
"On Intertemporal Substitution and Aggregate Labor Supply ,"
Journal of Political Economy ,
University of Chicago Press, vol. 95(5), pages 938-60, October.
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repec:fth:prinin:218 is not listed on IDEAS
Hayashi, Fumio, 1982.
"The Permanent Income Hypothesis: Estimation and Testing by Instrumental Variables ,"
Journal of Political Economy ,
University of Chicago Press, vol. 90(5), pages 895-916, October.
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Fischer, Stanley, 1977.
"Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule ,"
Journal of Political Economy ,
University of Chicago Press, vol. 85(1), pages 191-205, February.
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Robert E. Hall, 1980.
"Labor Supply and Aggregate Fluctuations ,"
NBER Working Papers
0385, National Bureau of Economic Research, Inc.
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Lucas, Robert E, Jr & Rapping, Leonard A, 1969.
"Real Wages, Employment, and Inflation ,"
Journal of Political Economy ,
University of Chicago Press, vol. 77(5), pages 721-54, Sept./Oct.
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Clark, Kim B & Summers, Lawrence H, 1982.
"Labour Force Participation: Timing and Persistence ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 49(5), pages 825-44, Special I.
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Other versions: MaCurdy, Thomas E, 1983.
"A Simple Scheme for Estimating an Intertemporal Model of Labor Supply and Consumption in the Presence of Taxes and Uncertainty ,"
International Economic Review ,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 24(2), pages 265-89, June.
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