| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14697 |
| 来源ID | Working Paper 14697 |
| The Demand for Youth: Implications for the Hours Volatility Puzzle | |
| Nir Jaimovich; Seth Pruitt; Henry E. Siu | |
| 发表日期 | 2009-01-29 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | The employment and hours worked of young individuals fluctuate much more over the business cycle than those of prime-aged individuals. Understanding the mechanism underlying this observation is key to explaining the volatility of aggregate hours over the cycle. We argue that the joint behavior of age-specific hours and wages in the U.S. data point to differences in the cyclical characteristics of labor demand. To articulate this view, we consider a production technology displaying capital-experience complementarity. We estimate the key parameters governing the degree of complementarity and show that the model can account for the behavior of age-specific hours and wages while generating a series of aggregate hours that is nearly as volatile as output. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w14697 |
| 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/572372 |
| 推荐引用方式 GB/T 7714 | Nir Jaimovich,Seth Pruitt,Henry E. Siu. The Demand for Youth: Implications for the Hours Volatility Puzzle. 2009. |
| 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 | ||
| w14697.pdf（414KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
