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Working Paper
Volunteer labor sorting across industries
Mauser, Elizabeth; Weisbrod, Burton A.; Segal, Lewis M. (1997)
Working Paper Series, Macroeconomic Issues , Paper WP-97-19

Report
Investment shocks and business cycles
Justiniano, Alejandro; Tambalotti, Andrea; Primiceri, Giorgio E. (2008)
Shocks to the marginal efficiency of investment are the most important drivers of business cycle fluctuations in U.S. output and hours. Moreover, like a textbook demand shock, these disturbances drive prices higher in expansions. We reach these conclusions by estimating a dynamic stochastic general equilibrium (DSGE) model with several shocks and frictions. We also find that neutral technology shocks are not negligible, but their share in the variance of output is only around 25 percent and even lower for hours. Labor supply shocks explain a large fraction of the variation of hours at very ...
Staff Reports , Paper 322

Working Paper
Emerging labor shortages and real wages in the 1990s
Shack-Marquez, Janice; Otoo, Maria Ward (1991)
Working Paper Series / Economic Activity Section , Paper 120

Journal Article
The shadow labor supply and its implications for the unemployment rate
Mustre-del-Rio, Jose; Davig, Troy A. (2013-07)
In the wake of the Great Recession there has been a sharp rise in the number of people who indicate they want a job, but are not actively seeking one. This group, on the periphery of the labor market, may be viewed as a "shadow labor supply." Since they are not actively seeking work, they are not counted by the government as unemployed and not considered part of the labor force. But if many start seeking jobs as the economy recovers, the unemployment rate could rise or at least slow its descent. Davig and Mustre-del-Ro analyze possible flow rates from this group and other non-employed ...
Economic Review , Issue Q III , Pages 5-29

Working Paper
Does Redistribution Increase Output? The Centrality of Labor Supply
Schwartzman, Felipe; Owens, Andrew; Athreya, Kartik B. (2014-02-28)
The aftermath of the recent recession has seen numerous calls to use transfers to poorer households as a means to enhance aggregate activity. We show that the key to understanding the direction and size of such interventions lies in labor supply decisions. We study the aggregate impact of short-term redistributive economic policy in a standard incomplete-markets model. We characterize analytically conditions under which redistribution leads to an increase or decrease in effective hours worked, and hence, output. We then show that under the parameterization that matches the wealth distribution ...
Working Paper , Paper 14-4

Monograph
The labor supply of older American men
Munnell, Alicia H.; Sass, Steven A. (2007)
This chapter summarizes what is known about the labor supply of older American men, defined as those aged 55 years and over. The topic is of great interest because in the coming decades older individuals will comprise a much greater portion of the U.S. population, so the labor supply of older adults will have a significant impact on national output, tax revenues, and the cost of means-tested programs. Most importantly, a greater proportion of older individuals will need to remain in the workforce than is the present case, because the retirement income system is contracting and working longer ...
Monograph , Paper 52

Working Paper
Revisiting the role of home production in life-cycle labor supply
Faberman, R. Jason (2010)
This paper revisits the argument, posed by Rupert, Rogerson, and Wright (2000), that estimates of the intertemporal elasticity of labor supply that do not account for home production are biased downward. The author uses the American Time Use Survey, a richer and more comprehensive data source than those used previously, to replicate their analysis, but he also explores how other factors interact with household and market work hours to affect the elasticity of labor supply. An exact replication of their analysis yields an elasticity of about 0.4, somewhat larger than previously estimated. Once ...
Working Papers , Paper 10-3

Journal Article
On the aggregate labor supply
Chang, Yongsung; Kim, Sun-Bin (2005-01)
Economic Quarterly , Volume 91 , Issue Win , Pages 21-37

Report
Capital flight from debtor nations when labor is mobile
Charrette, Susan M. (1991)
Research Paper , Paper 9126

Journal Article
An explanation of movements in the labor force participation rate, 1957-76
Andersen, Leonall C. (1978-08)
Review , Volume 60 , Issue Aug , Pages 7-21

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