THE ROLE OF THE FRISCH ELASTICITY ON HOUSEHOLDS' BEHAVIOR USING THE ENDOGENOUS DISCOUNT FACTOR MODEL

Decisions made by households and society with regard to the economy are heavily influenced role significance of variables discount factor Frisch elasticity labor supply, on capital formation consumption, which among most significant sources interest rate, consumption basket, household leisure. The existence endogenous demonstrate patience choice household's work-and-leisure mix, respectively, point changes in decisions that may influence portfolio In order develop a DSGE model utilizing data from Iranian for years 1998 2020, this article explores effects two variables, Frisch's elasticity, macroeconomic performance. findings show an component lower value effect technological shock output, income is positive more significant, but it negative debt variable. Thus, can be said general, given sensitive type extent supply's these factors crucial helping decide purchases activities include its basket leisure change expected utility, increase coefficient along will utility. Additionally, road has evolved into best one decisions, distribution resources, place higher self-importance.