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Differential Responses of Labor Supply across Productivity Groups

  • Maliar, Lilia
  • Maliar, Serguei

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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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
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622617

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