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We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market … activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation … increases the (appropriately deflated) value of the housing stock. This is documented in various data sources. A calibrated …
Persistent link: https://www.econbiz.de/10013102709
We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market … activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation … increases the (appropriately deflated) value of the housing stock. This is documented in various data sources. A calibrated …
Persistent link: https://www.econbiz.de/10012460384
Persistent link: https://www.econbiz.de/10003769855
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor earnings are neutral with respect to unemployment as long as the tax does not affect the replacement rate provided by unemployment insurance, i.e., unemployment benefits relative to after-tax...
Persistent link: https://www.econbiz.de/10011398419
This paper uses a simple model of labor supply extended to allow for home production to understand the extent to which differences in taxes can account for differences in time allocations between the US and Europe. Once home production is included, the elasticity of substitution between...
Persistent link: https://www.econbiz.de/10012758294
that makes money and household chores such as cleaning the house, cooking and so on. This is because women cannot leave …
Persistent link: https://www.econbiz.de/10013214046
The paper develops a two-sector general equilibrium search model where "goods" are produced exclusively in the market and "services" are produced both in the market and within the households. We use the model to examine how unemployment and welfare are affected by labor taxes in general and...
Persistent link: https://www.econbiz.de/10013320756
Conventional models of equilibrium unemployment typically imply that proportional taxes on labor earnings are neutral with respect to unemployment as long as the tax does not affect the replacement rate provided by unemployment insurance, i.e., unemployment benefits relative to after-tax...
Persistent link: https://www.econbiz.de/10013321357
This paper uses a simple model of labor supply extended to allow for home production to understand the extent to which differences in taxes can account for differences in time allocations between the US and Europe. Once home production is included, the elasticity of substitution between...
Persistent link: https://www.econbiz.de/10012464247
In 2020, the COVID-19 pandemic forced governments in many countries to ask employees to work from home (WFH) where possible. Using representative data from the UK, we show that increases in WFH frequency are associated with a higher self-perceived productivity per hour and an increase in weekly...
Persistent link: https://www.econbiz.de/10012492345