Cyclical movements along the labor supply function

Robert Ernest Hall ()

No 52 in Monograph from Federal Reserve Bank of Boston

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.

Keywords: Labor supply; Wages (search for similar items in EconPapers)
Date: Written 2007
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Published in Labor supply in the new century

Downloads: (external link)
http://www.bostonfed.org/economic/conf/conf52/conf52e.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fip:fedbmo:2007cmatls

Ordering information: This item can be ordered from

Access Statistics for this book

More books in Monograph from Federal Reserve Bank of Boston
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().