An Equilibrium Model of Sectoral Reallocation.

This paper constructs a two-period, two-sector model in which there are permanent sectoral shocks. It analyzes the equilibrium path of individual labor supply, sectoral em ployment, and duration of unemployment in response to these shocks. E quilibrium allocations are shown to be easy to characterize and compa rative statistics results are provided. Copyright 1987 by University of Chicago Press.

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Year of publication:	1987
Authors:	Rogerson, Richard
Published in:	Journal of Political Economy. - University of Chicago Press. - Vol. 95.1987, 4, p. 824-34
Publisher:	University of Chicago Press

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005782478