EX-POST HETEROGENEITY AND THE BUSINESS-CYCLE

被引：9

作者：

CHO, JO ^{[1
]}

机构：

[1] RES CTR EMPLOYMENT & ECON FLUCTUAT,MONTREAL,PQ,CANADA

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1995年 / 19卷 / 03期

关键词：

HETEROGENEITY; INDIVISIBLE LABOR; AGGREGATION BIAS;

D O I：

10.1016/0165-1889(94)00793-H

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

A temporary heterogeneity in individual skills is introduced in the indivisible labor model studied by Rogerson (1984) and Hansen (1985) and the model is calibrated and simulated. The results suggest that heterogeneity may be a very important factor affecting the volatilities and comovements of output and other variables. The results also show that the average quality variation of employed workers can be as much as 16 percent of the output volatility.

引用

页码：533 / 551

页数：19

共 21 条

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Arrow K., 1971, ESSAYS THEORY RISK B

[2]

BAXTER M, 1988, FISCAL POLICY EQUILI

[3] REAL WAGES OVER THE BUSINESS-CYCLE - EVIDENCE FROM PANEL DATA [J].