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We apply Ricardo's principle of comparative advantage for a theory of factor substitutability. An assignment model with …
Persistent link: https://www.econbiz.de/10014110337
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than …
Persistent link: https://www.econbiz.de/10012906476
Zeitverwendungserhebung, 2012-13, have sufficient observations to allow examining the theory of household production in much more detail than …
Persistent link: https://www.econbiz.de/10012907139
We develop a theory of the market for individual reputation, an indicator of regard by oneメs peers and others. The …
Persistent link: https://www.econbiz.de/10013153301
We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The …
Persistent link: https://www.econbiz.de/10013153983
Assessing the importance of uninsurable wage risk for individual financial choices faces two challenges. First, the identification of the marginal effect requires a measure of at least one component of risk that cannot be diversified or avoided. Moreover, measures of uninsurable wage risk must...
Persistent link: https://www.econbiz.de/10012924140
Several reasons are offered why workers will receive larger compensating wage differentials for increases in the duration of wage losses than for increases in the probability of loss that produce the same expected loss. A formal model of occupational choice is developed that shows the extent to...
Persistent link: https://www.econbiz.de/10013244902
Major strands of recent macroeconomic theory hinge on the relation of workers' efforts to their wages, but there has …
Persistent link: https://www.econbiz.de/10013245323
We develop a theory of the market for individual reputation, an indicator of regard by one’s peers and others. The …
Persistent link: https://www.econbiz.de/10003925253
or the amount of information that consumers have are known and tests the implications of the theory. In general there is …
Persistent link: https://www.econbiz.de/10003953272