Business Cycles and Household Formation: The Micro vs the Macro Labor Elasticity

Sebastian Dyrda, Greg Kaplan, José-Víctor Ríos-Rull

NBER Working Paper No. 17880
Issued in March 2012

---- Acknowledgements -----

We thank seminar attendants at the ICREA–MOVE Conference on Family Economics and those at the EFACR small group of the NBER's Summer Institute. We thank Matthias Kredler for discussions. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Reserve System, or the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for José-Víctor Ríos-Rull -----

I thank the NSF for research support.

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