When estimating a basic macroeconomics model, why is goodness of fit with labor data not often dealt with?
It's somewhat public knowledge that Macroeconomic models don't fit labor data without


High Frisch Elasticity (but Rogerson, Prescott try to argue for that)
Preference shocks (but, as Chari, Kehoe, McGrattan (AER 2006?) show, we cannot really understand these properly
Search&amp;Matching with weird parametrization or assumed wage rigidity
Some other spooky thing going on that helps fitting the data


So since we know it doesn't work out, why feel bad about posting the correlations and make everyone feel bad? :)

If it were to work out, surely post it though.