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This paper considers optimal educational investment and labour supply with increasing returns to scale in the earnings function In so doing we develop the work of Rosen (1983), who first highlighted the increasing returns argument that arises because private returns to human capital investment...
Persistent link: https://www.econbiz.de/10005497988
household survey for 1984 in combination with data on public day care fees and spaces per child by community. We argue that the … the household. The joint out-of-home child care and labor supply decision is analyzed by logit-choice models. We find that …
Persistent link: https://www.econbiz.de/10005656121
a typical family. Data from the 1980 Women and Employment Survey provide estimates for hourly pay as a function of work …
Persistent link: https://www.econbiz.de/10005792397
This paper studies the effects of labour income taxation on growth in an OLG model where both formal schooling and child care enter the human capital production function as complements. We compare them with the effects obtained in a model where only formal schooling matters for skill formation....
Persistent link: https://www.econbiz.de/10005792001
The paper uses BHPS waves 1–5 (1991–5) to compare paid work participation rates of men and women. Year-on-year persistence in paid work propensities is high, but greater for men than women. Non-work persistence is higher for women. Using panel data probit regression models, the paper also...
Persistent link: https://www.econbiz.de/10005504535
affecting the quantity and quality of employment on the demand side of the economy; and c) factors affecting processes of … 'unemployment' and 'poverty' traps, geographical mobility of residence and employment pay discrimination, the 'discouraged worker …
Persistent link: https://www.econbiz.de/10005791612
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … duration and the split of time between household production and leisure. U.S. data for 2003-2006 show that almost none of the … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In …
Persistent link: https://www.econbiz.de/10005123843
This paper investigates the effects of introducing household production in an international real business cycle model …. We show how a model driven by disturbances to the household production can account for some features of international … cycles. A version of the model which considers shocks to both market and household technologies seems able to reproduce the …
Persistent link: https://www.econbiz.de/10005504316
considered: technological progress in the household sector and shifts in the wage structure. The analysis emphasizes the joint …
Persistent link: https://www.econbiz.de/10011184081
here that technological progress in the household sector has saved on the need for labour at home. This makes it more … marriage and divorce is developed. Household production benefits from labour-saving technological progress. …
Persistent link: https://www.econbiz.de/10005791474