Cross-sectional and aggregate labor supply
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DOI: 10.1016/j.euroecorev.2020.103457
Abstract: Standard heterogeneous agent macro models that highlight idiosyncratic productivity shocks do not generate the near zero cross-sectional correlation between hours and wages found in the data. We ask whether matching this moment matters for business… read more here.
Keywords: sectional aggregate; labor; aggregate labor; labor supply ... See more keywords