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- W2024983840 abstract "The introduction of an endogenous labor decision represents a challenge for models that seek to jointly explain asset pricing and business cycle facts. This paper shows that several improvements can be made if a standard real business cycle model is augmented with a novel preference specification that increases the stochastic discount factor volatility and simultaneously reduces the wealth elasticity of labor supply." @default.
- W2024983840 created "2016-06-24" @default.
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- W2024983840 date "2014-07-24" @default.
- W2024983840 modified "2023-10-04" @default.
- W2024983840 title "Asset Returns and Labor Supply in a Production Economy" @default.
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- W2024983840 doi "https://doi.org/10.1111/jmcb.12133" @default.
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