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Persistent link: https://www.econbiz.de/10005131820
In this paper I evaluate to what extent a real business cycle (RBC) model that incorporates search and home production decisions can simultaneously account for the observed behavior of employment, unemployment and out-of-the-labor-force. This contrasts with the previous RBC literature, which...
Persistent link: https://www.econbiz.de/10005131923
Persistent link: https://www.econbiz.de/10005182903