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- W2122769395 abstract "We study long-run changes in aggregate labour supply and shifts in employment across economic sectors within the context of balanced aggregate growth. We show that a model of many goods and uneven TFP growth in market and home production can rationalize balanced growth with a falling or U-shaped aggregate labour supply, structural change within market sectors and constant share of leisure time. The dynamics of labour supply are driven by substitutions between home and market production and depend critically on the existence of many market sectors. Conversely, the existence of home production improves the performance of predictions about structural change." @default.
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- W2122769395 date "2005-01-01" @default.
- W2122769395 modified "2023-09-27" @default.
- W2122769395 title "Trends in Labour Supply and Economic Growth" @default.
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