中文摘要
美国女性的劳动参与率在20世纪90年代中期之前快速上升，随后趋于平缓。我借助一个纳入性别差异的定量模型，考察这一趋势变化对总体商业周期的影响。我表明，女性参与率的上升在大缓和时期发挥了实质性作用，而不考虑性别差异则会对其成因得出错误的推断。此后女性参与率的放缓在无就业复苏中发挥了实质性作用，并降低了扩张期总体工时与产出的增长，恶化了美国的总体经济表现。(JEL E13, E23, E24, E32, J16, J22)
Abstract
Women's labor force participation in the United States rose rapidly until the mid-1990s when it flattened out. I examine the impact of this change in trend on aggregate business cycles with a quantitative model that incorporates gender differences. I show that the rise in women's participation played a substantial role in the Great Moderation and not allowing for gender differences leads to incorrect inference on its causes. The subsequent slowdown in women's participation played a substantial role in jobless recoveries and reduced aggregate hours and output growth in expansions, worsening aggregate economic performance in the United States. (JEL E13, E23, E24, E32, J16, J22)