| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13603 |
| 来源ID | Working Paper 13603 |
| Business Cycle Fluctuations and the Life Cycle: How Important is On-The-Job Skill Accumulation? | |
| Gary D. Hansen; Selo Imrohoroglu | |
| 发表日期 | 2007-11-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We study the effects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning by doing, individuals supply more labor early in the life cycle and less as they approach retirement than they do in an economy without this feature. The impact of this feature on the volatility of hours over the life cycle depends on the value of the intertemporal elasticity of labor supply. When individuals accumulate skills by on-the-job training, there are only weak effects on both the steady-state labor supply and its volatility over the life cycle. |
| 主题 | Macroeconomics ; Business Cycles ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w13603 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571279 |
| 推荐引用方式 GB/T 7714 | Gary D. Hansen,Selo Imrohoroglu. Business Cycle Fluctuations and the Life Cycle: How Important is On-The-Job Skill Accumulation?. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13603.pdf（218KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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