EconPapers    
Economics at your fingertips  
 

Learning-by-Doing as a Propagation Mechanism

Yongsung Chang (), João Gomes () and Frank Schorfheide ()

American Economic Review, 2002, vol. 92, issue 5, 1498-1520

Abstract: This paper suggests that skill accumulation through past work experience, or "learning-by-doing" (LBD), can provide an important propagation mechanism in a dynamic stochastic general-equilibrium model, as the current labor supply affects future productivity. Our econometric analysis uses a Bayesian approach to combine micro-level panel data with aggregate time series. Formal model evaluation shows that the introduction of the LBD mechanism improves the model's ability to fit the dynamics of aggregate output and hours.

Date: 2002
Note: DOI: 10.1257/000282802762024601
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (89) Track citations by RSS feed

Downloads: (external link)
http://www.aeaweb.org/articles.php?doi=10.1257/000282802762024601 (application/pdf)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
Working Paper: Learning by Doing as a Propagation Mechanism (2002) Downloads
Working Paper: Learning by Doing as a Propagation Mechanism (2002) Downloads
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: https://EconPapers.repec.org/RePEc:aea:aecrev:v:92:y:2002:i:5:p:1498-1520

Ordering information: This journal article can be ordered from
https://www.aeaweb.org/journals/subscriptions

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

 
Page updated 2019-04-18
Handle: RePEc:aea:aecrev:v:92:y:2002:i:5:p:1498-1520