Domeij, David (contributor); Heathcote, Jonathan (contributor) - 2003 - [Elektronische Ressource]
the experiments described above. First we introduce endogenous labor
supply. Second we consider replacing capital taxes …-lived household supplies n labor hours per period. A household’s
effective labor supply depends both on the hours it works and on its … described by the measure p
0
. Since the measure p
t
converges to a unique limit, aggregate effective labor supply will therefore …