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The business cycle and the life cycle
Content Provider | Library of Congress - Books/Printed Material |
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Author | Gomme, Paul |
Temporal Coverage | 2004 |
Abstract | "The paper documents how cyclical fluctuations in market work vary over the life cycle and then assesses the predictions of a life-cycle version of the growth model for those observations. The analysis yields a simple but striking finding. The main discrepancy between the model and that data lies in the inability of the model to account for fluctuations in hours for individuals in the first half of their life cycle. The predictions for those in the latter half of the life cycle are quite close to the data"--Federal Reserve Bank of Cleveland web site. |
Language | English |
Publisher | Federal Reserve Bank of Cleveland, |
Publisher Place | Cleveland, Ohio |
Part of Series | Catalog |
Requires | HTML5 supported browser |
Access Restriction | Open |
Subject Keyword | Business Cycles Human Life Cycle |
Subject Domain (in LCSH) | Life cycle, Human |
Subject Domain (in LCSH) | Business cycles |
Subject Domain (in LCC) | HB1 |
Content Type | Text |
Resource Type | Book |