منابع مشابه
A New Keynesian Model with Overtime Labor
This paper extends the standard New Keynesian model by incorporating labor adjustment costs and overtime work. I show that labor frictions help reconcile the frequent price changes found in the microdata with the degree of sluggishness in inflation adjustment to output changes at the macro level. The introduction of labor frictions affects the dynamic behavior of economic variables (particularl...
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متن کاملNew Keynesian perspectives on labor market dynamics
We find that demand shocks play an important role for business-cycle fluctuations in unemployment and job vacancies. The reason is that those shocks give a strong incentive to demand-constrained firms to adjust production and thereby labor input. Furthermore we argue that whether real wage rigidity à la Hall [2005. Employment fluctuations with equilibrium wage stickiness. American Economic Revi...
متن کاملLocal Labor Demand and Child Labor
This paper uses micro data from the Brazilian PNAD between 1981 and 2002 to ascertain the role of local labor demand play in shaping work and schooling decisions of children aged 10-15. Using male adult employment by state and year as a proxy for labor demand, we find evidence that contrary to the widespread view that child labor is procyclical among young children (ages 1012) employment (schoo...
متن کاملAccounting for Labor Demand Effects in Structural Labor Supply Models
Accounting for Labor Demand Effects in Structural Labor Supply Models When assessing the effects of policy reforms on the labor market, most studies only focus on labor supply. The interaction of supply and demand side is not explicitly modeled, which might lead to biased estimates of potential labor market outcomes. This paper proposes a straightforward method to remedy this shortcoming. We us...
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ژورنال
عنوان ژورنال: NBER Macroeconomics Annual
سال: 2013
ISSN: 0889-3365,1537-2642
DOI: 10.1086/669182