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Endogenous capital utilization in a neoclassical growth model

โœ Scribed by Beatriz Rumbos; Leonardo Auernheimer


Publisher
Springer US
Year
2001
Tongue
English
Weight
911 KB
Volume
29
Category
Article
ISSN
0197-4254

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Does a heterogeneous agents version of a neoclassical model with labor}leisure choice replicate the distributions of consumption and working hours observed in the crosssectional data? Does incorporating heterogeneity enhance the aggregate performance of the representative agent model? We address the