Download or read book A Study of the Aggregate United States Labor Supply Function written by Jeanette Marie Oster and published by . This book was released on 1984 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aggregate Labor Supply in the United States Economy written by Robert M. Coen and published by . This book was released on 1971 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Supply and Aggregate Functions written by Robert Ernest Hall and published by . This book was released on 1979 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues of labor supply are at the heart of macroeconomic explanations of the large cyclical fluctuations of output observed in modern economies. This paper starts with a serious empirical examination of the view that the labor market is always in balance-that every observed combination of employment and compensation is a point of intersection of the relevant supply and demand curves. I will call this the "intertemporal substitution" model of fluctuations. According to this model, workers are willing to shift their hours of work from one year to another in response to modest shifts in relative wages. The paper goes on to point out a strong implication of the pure inter- temporal substitution model, namely, the irrelevance of changes in the money supply for the labor supply function. A model where markets clear instantly ought to obey full monetary neutrality. The data refute this implication absolutely unambiguously. The money stock unambiguously shifts the labor supply function. The pure substitution model seems untenable in the light of this evidence. The paper then turns to explanations of the nonneutrality of money in the short run. According to the most carefully worked out line of thought, monetary shocks cause workers to make inappropriate intertemporal shifts in labor supply, because they lack complete information about the source of aggregate shocks and are forced to respond in the same way to real and nominal disturbances. Finally, the paper turns to the view that, in the short run, labor supply is largely irrelevant to the determination of aggregate employment
Download or read book Aggregate Labor Supply written by Johanna Wallenius and published by . This book was released on 2011 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evaluating the Labor market Effects of Social Programs written by Princeton University. Industrial Relations Section and published by Princeton, N. J. : Industrial Relations Section, Department of Economics, Princeton University. This book was released on 1976 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Jointly sponsored by the Industrial Relations Section and the Office of the Assistant Secretary for Policy, Evaluation and Research of the U.S. Department of Labor." Includes bibliographies.
Download or read book Individual and aggregate labor supply with coordinated working times written by Richard Rogerson and published by . This book was released on 2010 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: I analyze two extensions to the standard model of life cycle labor supply that feature operative choices along both the intensive and extensive margin. The first assumes that individuals face different continuous wage-hours schedules. The second assumes that all work must be coordinated across individuals. These models look similar qualitatively but have very different implications for how aggregate labor supply responds to changes in taxes. In the first model, curvature in the utility from leisure function plays relatively little role in determining the overall change in hours worked, whereas in the second model it is of first order importance. The second model has important implications for what data is best able to provide evidence on the extent of curvature in the utility from leisure function.
Download or read book Aggregate Supply written by José Encarnación and published by . This book was released on 1991 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Wage Curve written by David Edward Card and published by . This book was released on 1995 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cropper M L et al Studies on partial equilibrium approaches to valuation of environmental amenities written by United States. Environmental Protection Agency. Office of Health and Ecological Effects and published by . This book was released on 1979 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microeconomics written by Edgar K. Browning and published by John Wiley & Sons. This book was released on 2020-01-09 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics: Theory & Applications, 13th Edition teaches students how fundamental tools of analysis are used explain and predict market phenomena. Designed for both economics and business students, this thorough yet accessible textbook describes basic microeconomic principles using various applications to clarify complicated economic concepts and provides an essential foundation of microeconomics knowledge. Clear and engaging chapters discuss cutting-edge models and explore numerous real-world examples of microeconomic theory in action. Comprehensive and topically relevant, this textbook offers greater coverage of input market analysis and applications than other texts on the subject. In-depth applications, such as consumer choice theory and noncompetitive market models, complement over 100 shorter applications that reinforce the graphical and logical techniques developed in the theory chapters. The authors’ innovative use of relatable applications promotes student engagement and comprehension, and facilitates a case-based, active-learning approach. Discussion of globalization, ethics, sustainability, and other important contemporary themes helps students understand how economics impacts their lives in various, often unexpected ways.
Download or read book Gross Worker Flows and Fluctuations in the Aggregate Labor Market written by Per Krusell and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We build a three-state general equilibrium model of the aggregate labor market that features both standard labor supply forces and labor market frictions. Our model matches key features of the cyclical properties of employment, unemployment, and nonparticipation as well as those of gross worker flows across these three labor market states. Our key finding is that shocks to labor market frictions play a dominant role in accounting for labor market fluctuations. This is in contrast to the focus of the traditional RBC literature, which emphasized how employment fluctuations arise as a consequence of labor supply responses to price changes induced by TFP shocks.
Download or read book The Aggregate Labor Supply Curve at the Extensive Margin written by Preston Mui and published by . This book was released on 2019 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present a theoretically robust and empirically tractable representation of the aggregate labor supply curve at the extensive (employment) margin. First, we introduce the simple and basic concept of the reservation wedge: the hypothetical percent shift in an individual's potential earnings required to render her indifferent between employment and nonemployment. This concept generalizes reservation wages to the context of heterogeneity in earnings. For any given specific model, the reservation wedge serves as the sole scalar sufficient statistic for employment preferences. The CDF of the reservation wedges is the aggregate labor supply curve at the extensive margin. Second, we directly measure the wedge distribution in a representative household survey -- thereby nonparametrically mapping out the global labor supply curve of the U.S. population. For small deviations, the empirical curve exhibits large Frisch elasticities above 3, hence locally consistent with business cycle evidence. Rather than constant, the empirical arc elasticities shrink towards 0.5 for larger, upward shifts, thereby potentially also reconciling large local elasticities with the small arc elasticities implied by recent quasi-experimental evidence from tax holidays. Third, in a model meta-analysis, existing models would fail to match the global shape of this empirical curve. Fourth, we engineer one model to fit the empirical curve. A business cycle accounting exercise reveals that this fitted model (under the assumption of efficient rationing) would help reconcile cyclical employment fluctuations with labor supply.
Download or read book President s Farm Message 1959 H Doc 59 86th Congress written by United States. Congress. Senate. Agriculture and Forestry Committee and published by . This book was released on 1959 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book ARS written by and published by . This book was released on 1958 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Research and Development a 16 year Compendium 1963 78 written by United States. Employment and Training Administration and published by . This book was released on 1979 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Directory, research and development in labour market, vocational training, employment, etc., 1963 to 1978.
Download or read book President s Farm Message 1959 written by United States. Congress. Senate. Committee on Agriculture and Forestry and published by . This book was released on 1959 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Structural Unemployment in the United States written by Charles Killingsworth and published by . This book was released on 1965 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conference report on a seminar on manpower policy and programme to examine structural unemployment in the USA - comprises a paper and record of discussions on unemployment rates of unskilled workers (incl. Blacks and young workers), relevant employment policy, etc. Conference held in Washington 1964 December 17.
