Is Labor Supply Important for Business Cycles?
NBER Working Paper No. 17779
---- Acknowledgements ----
We thank Marcelo Veracierto and seminar participants as well as conference participants at the Asian Meeting of the Econometric Society (2011), Chicago Fed, HEC Montreal, Hitotsubashi Macro Econometrics Conference, National University of Singapore, Search and Matching Network Conference (2011), NBER Summer Institute (2011), NBER Conference on Macroeconomics Across Time and Space (2011), SED (2011), Oslo University, Norges Bank, European University Institute, Bank of Korea, St. Louis Fed, San Francisco Fed, NBER Economic Fluctuations and Growth Meeting (2011), and University of Pennsylvania for useful comments. We thank Joe Song for excellent research assistance. Krusell thanks the NSF for financial support, Mukoyama thanks the Bankard Fund for Political Economy for financial support, and Rogerson thanks the NSF and the Korean Science Foundation (WCU-R33-10005) for financial support. The views expressed in this article are those of the authors and do not necessarily reflect those of the Federal Reserve Bank of New York, the Federal Reserve System, or the National Bureau of Economic Research.