文章基本信息

标题：Resurrecting the Participation Margin
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作者：Monique Ebell
期刊名称：CEP Discussion Paper
出版年度：2008
卷号：2008
期号：jun
出版社：Centre for Economic Performance
摘要：This paper considers a real business cycle model with search frictions in the labor market and labor supply which is elastic along the participation margin. Previous authors have found that such models generate counterfactually procyclical unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which succeeds at generating countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin.
关键词：Unemployment, Business Cycles, Labor Force Participation