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application to the income-consumption relationship, using monthly US time series. Evidence is found to support the claim that the … series ; business cycles ; conditional distribution ; consumption-income relationship ; copula ; multivariate time …
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differences in tax rates on labor income, payrolls and consumption. The theory implies that higher tax rates reduce work time in …Guided by a simple theory of task assignment and time allocation, we investigate the long run response to national …
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This paper investigates the relative labor productivity level for total manufacturing in Germany, Sweden and the US for the period 1980-2001. The paper also presents estimates of labor productivity levels for 18 different manufacturing industries for the period 1993-2000. The results show that...
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This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to incorporate firm- and time-specific adjustment parameter. A flexible (translog)...
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