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来源类型Working Paper
规范类型报告
DOI10.3386/w15251
来源IDWorking Paper 15251
A Three State Model of Worker Flows in General Equilibrium
Per Krusell; Toshihiko Mukoyama; Richard Rogerson; Aysegul Sahin
发表日期2009-08-13
出版年2009
语种英语
摘要We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for the key features of observed labor market flows for reasonable parameter values. Persistent idiosyncratic productivity shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states found in individual labor market histories.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w15251
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572927
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GB/T 7714
Per Krusell,Toshihiko Mukoyama,Richard Rogerson,et al. A Three State Model of Worker Flows in General Equilibrium. 2009.
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