{"id":8221,"date":"2020-03-03T14:30:49","date_gmt":"2020-03-03T13:30:49","guid":{"rendered":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/"},"modified":"2020-03-03T14:30:49","modified_gmt":"2020-03-03T13:30:49","slug":"research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/","title":{"rendered":"Research Economic Seminar:  The Supply of Hours Worked and  Endogenous Growth Cycles"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)), i. e., the wage elasticity of their supply of hours worked is negative. On the supply side, economic growth is due to the expansion of consumption-good varieties through endogenous research. We show that a sufficiently negative equilibrium elasticity of the individual supply of hours worked to an expansion in the set of consumption-good varieties opens up the possibility of growth cycles where the economy fluctuates between two regimes, one with and the other without an active research sector. We identify period-2 and period-3 cycles, conclude with Li and Yorke (1975) that cycles of any periodicity exists, and generalize our findings to period-n cycles. We show that the possibility of cycles occurs under empirically plausible conditions. We emphasize that the economics of cycles is linked to the pricing of shares in the asset market.<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":0,"featured_media":8222,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2020-06-10 13:00:00","event_end_date":"2020-06-10 14:00:00","event_speaker_name":"Ka-Kit IONG, Department of Economics and Management, Universit\u00e9 du Luxembourg","event_speaker_link":"","event_is_online":false,"event_location":"Online via Webex","event_street":"","event_location_link":"","event_zip_code":"","event_city":"","event_country":"LU"},"events-topic":[306],"events-type":[],"organisation":[138,226],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles - Universit\u00e9 du Luxembourg<\/title>\n<meta name=\"description\" content=\"We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles\" \/>\n<meta property=\"og:description\" content=\"We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/\" \/>\n<meta property=\"og:site_name\" content=\"UNI FR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.lu\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/\",\"url\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/\",\"name\":\"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles - Universit\u00e9 du Luxembourg\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2020\/03\/research_economic_seminar_the_supply_of_hours_worked_and_endogenous_growth_cycles.jpg\",\"datePublished\":\"2020-03-03T13:30:49+00:00\",\"dateModified\":\"2020-03-03T13:30:49+00:00\",\"description\":\"We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are\",\"breadcrumb\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#primaryimage\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2020\/03\/research_economic_seminar_the_supply_of_hours_worked_and_endogenous_growth_cycles.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2020\/03\/research_economic_seminar_the_supply_of_hours_worked_and_endogenous_growth_cycles.jpg\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.uni.lu\/fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Events\",\"item\":\"https:\/\/www.uni.lu\/fr\/events\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.uni.lu\/fr\/#website\",\"url\":\"https:\/\/www.uni.lu\/fr\/\",\"name\":\"Uni.lu\",\"description\":\"Universit\u00e9 du Luxembourg\",\"publisher\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/#organization\"},\"alternateName\":\"Universit\u00e9 du Luxembourg\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.uni.lu\/fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.uni.lu\/fr\/#organization\",\"name\":\"Universit\u00e9 du Luxembourg\",\"alternateName\":\"Uni.lu\",\"url\":\"https:\/\/www.uni.lu\/fr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg\",\"contentUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg\",\"width\":2560,\"height\":2560,\"caption\":\"Universit\u00e9 du Luxembourg\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/uni.lu\",\"https:\/\/www.linkedin.com\/school\/university-of-luxembourg\/\",\"https:\/\/www.instagram.com\/uni.lu\",\"https:\/\/www.youtube.com\/@uni_lu\",\"https:\/\/en.wikipedia.org\/wiki\/University_of_Luxembourg\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles - Universit\u00e9 du Luxembourg","description":"We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/","og_locale":"fr_FR","og_type":"article","og_title":"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles","og_description":"We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are","og_url":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/","og_site_name":"UNI FR","article_publisher":"https:\/\/www.facebook.com\/uni.lu","og_image":[{"width":2560,"height":2560,"url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Dur\u00e9e de lecture estim\u00e9e":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/","url":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/","name":"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles - Universit\u00e9 du Luxembourg","isPartOf":{"@id":"https:\/\/www.uni.lu\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#primaryimage"},"image":{"@id":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#primaryimage"},"thumbnailUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2020\/03\/research_economic_seminar_the_supply_of_hours_worked_and_endogenous_growth_cycles.jpg","datePublished":"2020-03-03T13:30:49+00:00","dateModified":"2020-03-03T13:30:49+00:00","description":"We show that declining hours of work may give rise to growth cycles. This is accomplished in an overlapping generations model where individuals are","breadcrumb":{"@id":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#primaryimage","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2020\/03\/research_economic_seminar_the_supply_of_hours_worked_and_endogenous_growth_cycles.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2020\/03\/research_economic_seminar_the_supply_of_hours_worked_and_endogenous_growth_cycles.jpg","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.uni.lu\/fr\/events\/research-economic-seminar-the-supply-of-hours-worked-and-endogenous-growth-cycles\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.uni.lu\/fr\/"},{"@type":"ListItem","position":2,"name":"Events","item":"https:\/\/www.uni.lu\/fr\/events\/"},{"@type":"ListItem","position":3,"name":"Research Economic Seminar: The Supply of Hours Worked and Endogenous Growth Cycles"}]},{"@type":"WebSite","@id":"https:\/\/www.uni.lu\/fr\/#website","url":"https:\/\/www.uni.lu\/fr\/","name":"Uni.lu","description":"Universit\u00e9 du Luxembourg","publisher":{"@id":"https:\/\/www.uni.lu\/fr\/#organization"},"alternateName":"Universit\u00e9 du Luxembourg","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.uni.lu\/fr\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/www.uni.lu\/fr\/#organization","name":"Universit\u00e9 du Luxembourg","alternateName":"Uni.lu","url":"https:\/\/www.uni.lu\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","contentUrl":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","width":2560,"height":2560,"caption":"Universit\u00e9 du Luxembourg"},"image":{"@id":"https:\/\/www.uni.lu\/fr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/uni.lu","https:\/\/www.linkedin.com\/school\/university-of-luxembourg\/","https:\/\/www.instagram.com\/uni.lu","https:\/\/www.youtube.com\/@uni_lu","https:\/\/en.wikipedia.org\/wiki\/University_of_Luxembourg"]}]}},"_links":{"self":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events\/8221"}],"collection":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events"}],"about":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/types\/events"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/comments?post=8221"}],"version-history":[{"count":0,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events\/8221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/media\/8222"}],"wp:attachment":[{"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/media?parent=8221"}],"wp:term":[{"taxonomy":"events-topic","embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events-topic?post=8221"},{"taxonomy":"events-type","embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/events-type?post=8221"},{"taxonomy":"organisation","embeddable":true,"href":"https:\/\/www.uni.lu\/fr\/wp-json\/wp\/v2\/organisation?post=8221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}