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中級宏觀經(jīng)濟(jì)學(xué)上海財經(jīng)大學(xué)經(jīng)濟(jì)學(xué)院沈凌08rbc3(53)-資料下載頁

2025-07-23 03:43本頁面
  

【正文】 ly. ? If i1 rises, a unit of year2’s real wage ine, (w/P)2Ls2, bees less valuable as a present value pared to a unit of year1’s real wage ine, (w/P)1Ls 1. ? The household would increase Ls1 and decrease Ls2 as the interest rate increases. Macroeconomics Chapter 8 44 Variations in Labor Input ? 用數(shù)字說話:勞動供給的跨期替代效應(yīng)的實證 ? Alogoskoufis(1987b) ? Mulligan (1995)的兩個 “ 自然實驗 ” Macroeconomics Chapter 8 45 Variations in Labor Input Macroeconomics Chapter 8 46 Variations in Labor Input ? The cyclical behavior of labor input: theory ? Increase in A will lead to: ? The real wage rate increases ? Labor inputs increase. Macroeconomics Chapter 8 47 Variations in Labor Input ? Fluctuations in Labor Input ? Measures of labor input are procyclical: they move in the same direction as real GDP during booms and recessions. ? Employment ? Total hours worked Macroeconomics Chapter 8 48 Variations in Labor Input 相關(guān)系數(shù) Macroeconomics Chapter 8 49 Variations in Labor Input 相關(guān)系數(shù) Macroeconomics Chapter 8 50 Variations in Labor Input ? The cyclical behavior of labor productivity ? Measures of labor productivity, ? Y/L, is real GDP per worker, ? Real GDP per workerhour. ? Labor productivity turns out to be procyclical in both cases. Macroeconomics Chapter 8 51 Extra: labor supply model ? For simplicity: the household has only one member and he lives only for one period and has no initial wealth. ? FOC: ? ?ttttttllwctsblbcut?????..01lnlnm a x,c t? ? ? ?cwllbcL ????? ?1lnln01 ?? ?c 01 ???? wlb ? Macroeconomics Chapter 8 52 Extra: labor supply model ? Intuition: In one period, the ine and substitution effects of a change in the wage offset each other. bl ??? 11*Macroeconomics Chapter 8 53 Extra: labor supply model ? ? ? ?? ????????????????????212211221111111lnln111lnlncrclwrlwlbclbcL??01)1( 10121?????? rcc ???01 1)1)(1(01 2211?????????? wrlbwlb ???Two periods: FOC: Macroeconomics Chapter 8 54 Extra: labor supply model 1212211,11 111ccrlwl r w??????? ???? Intuition: intertemporal substitution in labor suppl
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