Showing 1 - 10 of 162,682
investment-specific technology shocks in generating fluctuations in hours. Using a neoclassical stochastic growth model, we show … the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the …
Persistent link: https://www.econbiz.de/10013039322
Persistent link: https://www.econbiz.de/10009703331
Persistent link: https://www.econbiz.de/10009523970
Persistent link: https://www.econbiz.de/10003886413
investment-specific technology shocks in generating fluctuations in hours. Using a neoclassical stochastic growth model, we show … the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the …
Persistent link: https://www.econbiz.de/10012463275
investment-specific technology shocks in generating fluctuations in hours. Using a neoclassical stochastic growth model, we show … the labor supply elasticity. Both a calibration procedure that uses modern assessments of the Frisch elasticity and the …
Persistent link: https://www.econbiz.de/10012940704
Persistent link: https://www.econbiz.de/10012523210
At least since 1870 hours worked per worker declined and real wages increased in many of today's industrialized countries. The dual nature of technological progress in conjunction with a consumption-leisure complementarity explains these stylized facts. Technological progress drives real wages...
Persistent link: https://www.econbiz.de/10011782121
Persistent link: https://www.econbiz.de/10011853215
Persistent link: https://www.econbiz.de/10011806138