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Labor Supply Heterogeneity and Macroeconomic Co-movement

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NBER2009-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15561
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Standard real-business-cycle models must rely on total factor productivity (TFP) shocks to explain the observed co-movement between consumption, investment and hours worked. This paper shows that a neoclassical model consistent with observed heterogeneity in labor supply and consumption, can
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2009-12-01
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