From individual to aggregate labor supply: A quantitative analysis based on a heterogeneous agent macroeconomy
From individual to aggregate labor supply: A quantitative analysis based on a heterogeneous agent macroeconomy
复制标题
DOI：
10.1111/j.1468-2354.2006.00370.x
复制
发表时间：
2006-02-01
影响因子：
1.5
通讯作者：
Kim, SB
中科院分区：
文献类型：
--
作者：
Chang, YS;Kim, SB
在总量层面，劳动力供给弹性取决于保留工资分配。我们提出了一个模型经济，在这个模型中，劳动力异质性源于特殊的生产率冲击。模型经济展示了与微观数据相当的横截面收入和财富分布。我们发现，这样一个经济体的总劳动力供给弹性在1左右，大于典型的微观估计。
At the aggregate level, the labor-supply elasticity depends on the reservation-wage distribution. We present a model economy where workforce heterogeneity stems from idiosyncratic productivity shocks. The model economy exhibits the cross-sectional earnings and wealth distributions that are comparable to those in the micro data. We find that the aggregate labor-supply elasticity of such an economy is around 1, greater than a typical micro estimate.