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An Inquiry into the Same Movement Pattern in Two Cases of Labor Supply

Author

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  • Fujio Takata

    (Graduate School of Economics, Kobe University)

Abstract

Let us consider movement patterns in an economy based on a Ramsey type model, as do many papers in the R.B.C. school. We focus on how labor supply is determined and on how this determination affects the movement patterns. We discuss two kinds of labor supply, namely, an intensive arrangement and an extensive one. We conclude that the labor supply in both arrangements is similar from the viewpoint of a macro economy. This leads us to conjecture that the two forms of labor supply do not affect the movement pattern.

Suggested Citation

  • Fujio Takata, 2019. "An Inquiry into the Same Movement Pattern in Two Cases of Labor Supply," Discussion Papers 1904, Graduate School of Economics, Kobe University.
    • Handle: RePEc:koe:wpaper:1904
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    File URL: http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/neo2019/1904.pdf
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    More about this item

    Keywords

    Divisible labor; Indivisible labor; Movement patterns;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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