Roye, Björn van; Wesselbaum, Dennis - Institut für Weltwirtschaft (IfW) - 2009
theory, we suggest a more general approach, such that workers have unrestricted access to a proportional share of the capital … productivity shocks, using capital-labor trade-off. The model generates higher volatilities of key variables and therefore enhances … the performance of the matching model to generate stylized facts in response to an aggregate productivity shock. However …