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http://hdl.handle.net/2445/174943
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DC Field | Value | Language |
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dc.contributor.author | Chen, Been‐Lo | - |
dc.contributor.author | Lee, Shun-Fa | - |
dc.contributor.author | Raurich, Xavier | - |
dc.date.accessioned | 2021-03-11T17:01:09Z | - |
dc.date.available | 2022-09-15T05:10:26Z | - |
dc.date.issued | 2020-06 | - |
dc.identifier.issn | 1742-7355 | - |
dc.identifier.uri | http://hdl.handle.net/2445/174943 | - |
dc.description.abstract | This paper studies an infinite‐horizon two‐sector growth model with sector‐specific externalities and preferences that are non‐separable between consumption and leisure. We find two main results. First, a larger income effect on the labor supply increases the possibility of macroeconomic instability. Second, a larger elasticity of the labor supply may increase or decrease the possibility of aggregate instability, depending on the intensity of the income effect. | - |
dc.format.extent | 16 p. | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Wiley | - |
dc.relation.isformatof | Versió postprint del document publicat a: https://doi.org/10.1111/ijet.12188 | - |
dc.relation.ispartof | International Journal of Economic Theory, 2020, vol. 16, num. 2, p. 222-237 | - |
dc.relation.uri | https://doi.org/10.1111/ijet.12188 | - |
dc.rights | (c) The International Association for Economic Theory, 2020 | - |
dc.source | Articles publicats en revistes (Economia) | - |
dc.subject.classification | Regressió infinita | - |
dc.subject.classification | Externalitats (Economia) | - |
dc.subject.classification | Política salarial | - |
dc.subject.classification | Oferta i demanda | - |
dc.subject.classification | Elasticitat | - |
dc.subject.other | Infinite regress | - |
dc.subject.other | Externalities (Economics) | - |
dc.subject.other | Wage policy | - |
dc.subject.other | Supply and demand | - |
dc.subject.other | Elasticity | - |
dc.title | Non-separable utilities and aggregate instability | - |
dc.type | info:eu-repo/semantics/article | - |
dc.type | info:eu-repo/semantics/acceptedVersion | - |
dc.identifier.idgrec | 708111 | - |
dc.date.updated | 2021-03-11T17:01:09Z | - |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | - |
Appears in Collections: | Articles publicats en revistes (Economia) |
Files in This Item:
File | Description | Size | Format | |
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708111.pdf | 472.43 kB | Adobe PDF | View/Open |
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