کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957093 928507 2009 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Business cycle fluctuations and the life cycle: How important is on-the-job skill accumulation?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Business cycle fluctuations and the life cycle: How important is on-the-job skill accumulation?
چکیده انگلیسی

We study the effects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning by doing, individuals supply more labor early in the life cycle and less as they approach retirement than they do in an economy without this feature. The impact of this feature on the volatility of hours over the life cycle depends on the value of the intertemporal elasticity of labor supply. When individuals accumulate skills by on-the-job training, there are only weak effects on both the steady-state labor supply and its volatility over the life cycle.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 144, Issue 6, November 2009, Pages 2293–2309
نویسندگان
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