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Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2004

The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...

Persistent link: https://www.econbiz.de/10005076681

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2003

We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment...

Persistent link: https://www.econbiz.de/10005126339

The Measurement of Persistence and Hysteresis in Aggregate Unemployment.

Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003

unemployment persistence. …

Persistent link: https://www.econbiz.de/10005126077

On the Evidence of Non-Linear Structure in Canadian Unemployment.

Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003

In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …

Persistent link: https://www.econbiz.de/10005412624

An interaction model for livestock farming and steppe ecosystem // “Mathematical Modeling of Ecological Systems” Almaty: Daik-Press, 2003. – 160 p. Abstracts. P.26.

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This work builds a macro model for livestock farming based on aggregation of initial micro description for rational control of total number of vintage livestock (age cohorts). All variety of animal kinds is reduced to one by given recount coefficients. An optimal problem on co-hort total number...

Persistent link: https://www.econbiz.de/10005125668

Economy and Environment Interaction // Moscow: Dorodnicyn Computing Centre Russian Ac. Sc., 2003. 40p. (In Russian)

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This paper presents new results of mathematical modeling of economy and environment interaction . A model of mutual interaction of livestock farming - one in a two main agricultural branches - and natural pastures that are the essential part of livestock farming forage reserve is proposed....

Persistent link: https://www.econbiz.de/10005062754

An interaction model for livestock farming and steppe ecosystem

Demberel S.; Olenev, Nicholas; Pospelov, Igor - EconWPA - 2003

This work builds a macro model for livestock farming based on aggregation of initial micro description for rational control of total number of vintage livestock (age cohorts). Solution of an optimal problem on cohort total number of livestock gives the age limit for the operation of animals, the...

Persistent link: https://www.econbiz.de/10005408270

Production Function of Skilled and Unskilled Labour in a Model of a Non-Growing Russian Economy. - Aberdeen: ILM Conference Proceedings, October 11-12, 1999. PP.560-575.

Olenev, Nicholas - EconWPA - 2003

This paper builds a production function of skilled and unskilled labour for the economy that does not grow. The paper uses the constant elasticity of substitution production function (CES) of skilled and unskilled labour on the micro level as an important building stone. The paper obtains a...

Persistent link: https://www.econbiz.de/10005125802

Testing and Estimating Persistence in Canadian Unemployment.

Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003

A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it … adversely influences unemployment and considerably lengthens recessions. This paper tests for persistence in Canadian sectoral … unemployment, using the modified rescaled-range test. Our results show evidence of persistence in sectoral unemployment that …

Persistent link: https://www.econbiz.de/10005062535

What Happens After A Technology Shock? A Bayesian Perspective

Mikhail, Ossama - EconWPA - 2005

This paper investigates the effect of a positive technology shock on per capita hours worked within the class of Bayesian Vector Auto-Regressive [BVAR] models. Such a framework avoids the current debate regarding the specification issue of per capita hours [level versus first-difference...

Persistent link: https://www.econbiz.de/10005412608