of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that … closely resemble actual U.S. time series. Despite having no explicit financial market, the model has investment fall steeply …

investment biases. Our estimates suggest that selection of women into the labor market has changed sign, from negative to … positive, or at least that positive selectivity bias has come to overwhelm investment bias. The estimates also explain why … wage gap closure to changing selectivity and investment biases, rather than relative increases in women's earning potential …

the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real … financial market - has investment fall steeply during the recession not because of any distortions with the supply of capital …