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      <record key="001" att1="001" value="175160" att2="175160">001   175160</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Open Access</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/lib/oa3.pdf</field>
      <field key="079" subkey="z">Haefke, Christian - et al., Endogenous Labor Market Participation and the Business Cycle (pdf)</field>
      <field key="100" subkey="">Haefke, Christian</field>
      <field key="103" subkey="">Instituto de Análisis Económico, CSIC and IZA Bonn</field>
      <field key="104" subkey="a">Reiter, Michael</field>
      <field key="107" subkey="">Universitat Pompeu Fabra</field>
      <field key="331" subkey="">Endogenous Labor Market Participation and the Business Cycle</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Bonn</field>
      <field key="412" subkey="">Institute for the Study of Labor</field>
      <field key="425" subkey="">2006, March</field>
      <field key="433" subkey="">47 pp.</field>
      <field key="451" subkey="">IZA Discussion Paper; No. 2029</field>
      <field key="451" subkey="i">Institute for the Study of Labor (Ed.)</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; Model; Data and Calibration; Numerical Results; Small Surplus Calibration; Conclusions;</field>
      <field key="App" subkey="e">ndices;</field>
      <field key="544" subkey="">OA3</field>
      <field key="700" subkey="">E24</field>
      <field key="700" subkey="">J21</field>
      <field key="700" subkey="">J64</field>
      <field key="720" subkey="">Matching models</field>
      <field key="720" subkey="">Labor market participation</field>
      <field key="720" subkey="">Labor supply elasticity</field>
      <field key="720" subkey="">Time aggregation</field>
      <field key="753" subkey="">Abstract: Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate</field>
      <field key="pro" subkey="c">yclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a</field>
      <field key="sim" subkey="p">le, tractable job market matching model, show analytically how variations in the participation rate are driven by the</field>
      <field key="cro" subkey="s">s-sectional density of home productivity near the participation threshold, and how this density translates into an</field>
      <field key="ext" subkey="e">nsive-margin labor supply elasticity. A calibration of the model to macro data not only matches employment and participation</field>
      <field key="var" subkey="i">abilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches</field>
      <field key="une" subkey="m">ployment variations well. Furthermore, the labor supply elasticity implied by our calibration is consistent with</field>
      <field key="mic" subkey="r">oeconometric evidence for the US.;</field>
    </SEQUENTIAL>
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