Chang, Yongsung; Kim, Sun-Bin; Kwon, Kyooho; Rogerson, … - University of Rochester - Center for Economic Research … - 2011
We construct a family model of labor supply that features adjustment along both the intensive and extensive margin. Intensive margin adjustment is restricted to two values: full time work and part-time work. Using simulated data from the steady state of the calibrated model, we examine whether...