G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w15252
来源IDWorking Paper 15252
Aggregate Labor Market Outcomes: The Role of Choice and Chance
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Commonly used frictional models of the labor market imply that changes in frictions have large effects on steady state employment and unemployment. We use a model that features both frictions and an operative labor supply margin to examine the robustness of this feature to the inclusion of a empirically reasonable labor supply channel. The response of unemployment to changes in frictions is similar in both models. But the labor supply response present in our model greatly attenuates the effects of frictions on steady state employment relative to the simplest matching model, and two common extensions. We also find that the presence of empirically plausible frictions has virtually no impact on the response of aggregate employment to taxes.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w15252
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572928
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GB/T 7714
Per Krusell,Toshihiko Mukoyama,Richard Rogerson,et al. Aggregate Labor Market Outcomes: The Role of Choice and Chance. 2009.
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