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Aggregate Labor Market Outcomes: The Role of Choice and Chance

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NBER2009-08-01 更新2025-01-04 收录
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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

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2009-08-01
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