Cyclical movements along the labor supply function
Abstract: A consensus in macroeconomics holds that the observed higher-frequency movements in employment and hours of work are movements along a labor-supply function caused by shifts of the labor demand function. Recent theoretical thinking has extended this view to include fluctuations in unemployment, so that macroeconomists can speak coherently of movements along an unemployment function caused by shifts in labor demand.
Status: Published in Labor supply in the new century
File(s): File format is application/pdf http://www.bostonfed.org/economic/conf/conf52/conf52e.pdf
Provider: Federal Reserve Bank of Boston
Part of Series: Monograph
Publication Date: 2007