Intertemporal substitution, money, and aggregate labor supply.(analysis of Intertemporal Substitution Hypothesis): An article from: Journal of Money, Credit & Banking
Book Details
PublisherOhio State University Press
ISBN / ASINB00096JVBY
ISBN-13978B00096JVB9
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This digital document is an article from Journal of Money, Credit & Banking, published by Ohio State University Press on May 1, 1996. The length of the article is 7224 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: This study investigates the macro-econometric credibility of the Intertemporal Substitution Hypothesis. It extends the usual formulation by considering money within the representative consumer's life cycle decision. We also provide measures of the real wage rate and asset returns based upon interpretation of the constraint as consumption-saving behavior. Estimation with quarterly U.S. data generates plausible and significant estimates of the structural parameters. The findings indicate elastic labor supply response to the wage rate but mixed results with respect to nominal returns. The estimates are reasonably robust to alternative measures of consumption, money, leisure, and rates of return. (Printed by permission of the publisher.)
Citation Details
Title: Intertemporal substitution, money, and aggregate labor supply.(analysis of Intertemporal Substitution Hypothesis)
Author: Donald H. Dutkowsky
Publication:Journal of Money, Credit & Banking (Refereed)
Date: May 1, 1996
Publisher: Ohio State University Press
Volume: v28 Issue: n2 Page: p216(17)
Distributed by Thomson Gale
From the supplier: This study investigates the macro-econometric credibility of the Intertemporal Substitution Hypothesis. It extends the usual formulation by considering money within the representative consumer's life cycle decision. We also provide measures of the real wage rate and asset returns based upon interpretation of the constraint as consumption-saving behavior. Estimation with quarterly U.S. data generates plausible and significant estimates of the structural parameters. The findings indicate elastic labor supply response to the wage rate but mixed results with respect to nominal returns. The estimates are reasonably robust to alternative measures of consumption, money, leisure, and rates of return. (Printed by permission of the publisher.)
Citation Details
Title: Intertemporal substitution, money, and aggregate labor supply.(analysis of Intertemporal Substitution Hypothesis)
Author: Donald H. Dutkowsky
Publication:Journal of Money, Credit & Banking (Refereed)
Date: May 1, 1996
Publisher: Ohio State University Press
Volume: v28 Issue: n2 Page: p216(17)
Distributed by Thomson Gale
