| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13871 |
| 来源ID | Working Paper 13871 |
| Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions | |
| Per Krusell; Toshihiko Mukoyama; Richard Rogerson; Aysegul Sahin | |
| 发表日期 | 2008-03-14 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper analyzes a model that features frictions, an operative labor supply margin, and incomplete markets. We first provide analytic solutions to a benchmark model that includes indivisible labor and incomplete markets in the absence of trading frictions. We show that the steady state levels of aggregate hours and aggregate capital stock are identical to those obtained in the economy with employment lotteries, while individual employment and asset dynamics can be different. Second, we introduce labor market frictions to the benchmark model. We find that the effect of the frictions on the response of aggregate hours to a permanent tax change is highly non-linear. We also find that there is considerable scope for substitution between "voluntary" and "frictional" nonemployment in some situations. |
| 主题 | Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w13871 |
| 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/571545 |
| 推荐引用方式 GB/T 7714 | Per Krusell,Toshihiko Mukoyama,Richard Rogerson,et al. Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions. 2008. |
| 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 | ||
| w13871.pdf（294KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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