Business Cycle Fluctuations and the Life Cycle: How Important is On-The-Job Skill Accumulation?
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We study the effects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning by
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美国国家经济研究局创建时间：
2007-11-01
