Krusell, Per; Mukoyama, Toshihiko; Rogerson, Richard; … - C.E.P.R. Discussion Papers - 2009
We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and...