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- W3206195501 abstract "We propose a new VAR identification scheme that distinguishes shifts of and movements along the labor demand schedule to identify labor-supply shocks. According to our VAR analysis of post-war U.S. data, labor-supply shifts account for about 30 percent of the variation in hours and about 15 percent of the output fluctuations at business cycle frequencies. To assess the role of labor-supply shifts in a more structural framework, estimates from a dynamic general equilibrium model with stochastic variation in home production technology are compared to those from the VAR." @default.
- W3206195501 created "2021-10-25" @default.
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- W3206195501 date "2003-01-01" @default.
- W3206195501 modified "2023-09-26" @default.
- W3206195501 title "Labor Shifts and Economic Fluctuations" @default.
- W3206195501 hasPublicationYear "2003" @default.
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