Labor Supply Heterogeneity and Macroeconomic Co-movement
---- Acknowledgements -----
The authors thank Gianluca Violante for his help with the Consumer Expenditure Survey data, Stefania Albanesi, Roc Armenter, Carlos Carvalho and Aysegul Sahin for extensive comments and discussions. The Authors also thank seminar participants at Columbia University, Federal Reserve Bank of Atlanta, La Trobe University, Midwest Macroeconomics Meeting 2009, SED 2009, the Southern Workshop in Macroeconomics 2009, the European Economic Association and Econometric Society European Meeting 2009, The University of Adelaide, University of Auckland, University of New South Wales and The University of Melbourne. The views expressed in the paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research. The usual caveat applies.