Cross-sectional and aggregate labor supply
نویسندگان
چکیده
منابع مشابه
Aggregate Labor Supply
___________________________________________________________________ There have been tremendous advances in macroeconomics, following the introduction of labor supply into the field. Today it is widely acknowledged that labor supply matters for many key economic issues, particularly for business cycles and tax policy analysis. However, the extent to which labor supply matters for such questions ...
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I study the impact of idiosyncratic risk on savings and employment in a small open economy populated by two-member families. Families incur a fixed cost of participation when both members are employed. Because of market incompleteness and information asymmetries, this cost coupled with labor market frictions can generate multiple equilibria. In particular, there might be one equilibrium with hi...
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متن کاملCross - sectional wage and employment rigidities vs . aggregate employment
When studying real-life market outcomes and evaluating policy interventions, economists like to refer to a hypothetical situation where intertemporal and insurance markets are perfect and complete. In reality, of course, laissez faire economic interactions can hardly supply insurance against the risk of becoming or remaining unemployed, because moral hazard and adverse selection stand in the wa...
متن کاملCriticisms of Aggregate Demand and Aggregate Supply :
The Aggregate Demand – Aggregate Supply framework has dominated intermediate macroeconomics textbooks since the 1980s. However, there have been 2007). In spite of these criticisms, the ADAS framework had continued to dominate the textbooks, with little or no response to these criticisms. This paper reviews the main criticisms of the ADAS framework, and then focuses on Gregory Mankiw's presentat...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2020
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2020.103457