An, Sungbae; Chang, Yongsung; Kim, Sun-bin - 2008
Korea University
September 1, 2008
Abstract
Accounting for observed uctuations in aggregate employment, consumption, and … and employment is a result of the continuous optimum of a house-
hold that trades current and future goods and leisure in … GMM estimates of
preference parameters stem mostly from the lack of correlation between employment and productivity
(wage …