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A particular challenge for the macroeconomic models is their inability to match the joint dynamics of employment, wage … which ampli.es the responses of employment and output to exogenous shocks. Our model, consistent with the implications of …: First, we get considerable improvements for the employment, wage and output volatilities in response to technology and …
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This paper assesses whether a causal relationship exists between recent increases in female labor force participation and the increased prevalence of obesity amongst women. The expansions of the Earned Income Tax Credit (EITC) in the 1980s and 1990s have been established by prior literature as...
Persistent link: https://www.econbiz.de/10009516883
In this paper we use information on the cyclical variation of labor market participation to learn about the aggregate labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous participation. A model that is calibrated to replicate the...
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marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …
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