NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Labor Wedge: MRS vs. MPN

Loukas Karabarbounis

NBER Working Paper No. 19015
Issued in May 2013

---- Acknowledgements -----

I thank Bob Hall, Casey Mulligan, and especially Gianluca Violante and an anonymous referee for very useful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. All data and codes used in the analysis are available in my webpage at http://faculty.chicagobooth.edu/loukas.karabarbounis/research/index.html.

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