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the early stage of their life and join the labor force late in life with low skills and little labor market experience …
Persistent link: https://www.econbiz.de/10005090902
This paper presents a theory where increases in female labor force participation and reductions in the gender wage-gap are generated as part of the same process of demographic transition that leads to reductions in fertility. There have been significant increases in the labor supply of women in...
Persistent link: https://www.econbiz.de/10005090752
We document a negative trend in the leisure of men married to women aged 25-45, relative to that of their wives, and a positive trend in relative housework. We develop a simple bargaining model of marriage, divorce and allocations of leisure-time and housework. Calibration to US data shows the...
Persistent link: https://www.econbiz.de/10005090740
satisfacctorily address these differences among the genders. Looking at broad occupation groups, we find large returns to occupation … beyond that to education, which imply that occupation is an important measure of skill besides education. Despite the large … return to their skills. Any theory addressing the changes in the wage and employment structure should also incorporate …
Persistent link: https://www.econbiz.de/10005051403
qualify for either occupation results in the agent becoming a “waiterâ€. College education involves tuition costs, which … those receiving large enough transfers enrolling in college and the rest working only on their basketball skills. We …
Persistent link: https://www.econbiz.de/10005085459
This paper suggests a solution to the puzzling finding documented in Moskowitz and Vissing-Jorgensen (2002) that the return to an index of private equity is equal to the return to the CRSP index of public equity even though investment in private firms is substantially riskier. It presents an...
Persistent link: https://www.econbiz.de/10005085472
Persistent link: https://www.econbiz.de/10005051387
Turkey is the only founding member of the OECD that has not converged to the US in terms of per-capita GDP since 1950: its real GDP per capita is stuck at 20% of that of the US. At a proximate level, we show that Turkey's relative stagnation over the past 50 years is due to: (1) the relative...
Persistent link: https://www.econbiz.de/10004977927
Persistent link: https://www.econbiz.de/10005051355
This paper examines the causes of observed increase in the duration of unemployment relative to the unemployment rate in the Post-War United States. First we analyze if changes in the demographic composition of U.S. labor force can explain the change in the structure of unemployment duration. In...
Persistent link: https://www.econbiz.de/10005051401