Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/335562 
Autor:innen: 
Erscheinungsjahr: 
2025
Quellenangabe: 
[Journal:] KDI Journal of Economic Policy [ISSN:] 2586-4130 [Volume:] 47 [Issue:] 4 [Year:] 2025 [Pages:] 1-34
Verlag: 
Korea Development Institute (KDI), Sejong
Zusammenfassung: 
This paper extends the three-state model of labor supply and worker flows developed by Krusell, Mukoyama, Rogerson and ðSahin (American Economic Review, 2017) to study dynamic individual behavior by allowing for ex-ante heterogeneity in workers' abilities in the market and in their valuation of non-market time. The extended model replicates the key features of the distributions of personal employment rates, OLF rates, and residual wages found in the SIPP data. Individuals with relatively high rents from being employed are more likely to stay in the labor force by cycling back and forth between employment and unemployment from month to month. Individuals with relatively low rents from employment transition between employment and OLF.
Schlagwörter: 
Labor supply
Labor market frictions
Ex-ante heterogeneity
Structural estimation
JEL: 
E24
J22
J64
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by-sa Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
1.35 MB





Publikationen in EconStor sind urheberrechtlich geschützt.