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A General Equilibrium Analysis of Parental Leave Policies

Erosa, Andrés; Fuster, Luisa; Restuccia, Diego - University of Toronto, Department of Economics - 2005

An important feature of the U.S. labor market is that, even after controlling for measurable differences in education and experience, the average wage of women with children is 89 percent of the average wage of women without children. This ``family gap\\\" in wages accounts for almost half the...

Persistent link: https://www.econbiz.de/10005704758

A Quantitative Theory of the Gender Gap in Wages

Erosa, Andrés; Fuster, Luisa; Restuccia, Diego - University of Toronto, Department of Economics - 2005

Using panel data from the National Longitudinal Survey of Youth (NLSY), we document that gender differences in wages almost double during the first 20 years of labor market experience and that there are substantial gender differences in employment and hours of work during the life cycle. A large...

Persistent link: https://www.econbiz.de/10005704827

Before and After the Black Death: Money, Prices, and Wages in Fourteenth-Century England

Munro, John H. A. - University of Toronto, Department of Economics - 2005

One of the most common myths in European economic history, and indeed in Economics itself, is that the Black Death of 1347-48, followed by other waves of bubonic plague, led to an abrupt rise in real wages, for both agricultural labourers and urban artisans – one that led to the so-called...

Persistent link: https://www.econbiz.de/10005827233

Money, Wages, and Real Incomes in the Age of Erasmus: The Purchasing Power of Coins and of Building Craftsmen's Wages in England and the Low Countries, 1500 - 1540

Munro, John H. - University of Toronto, Department of Economics - 2001

This comparative study of money, coinages, prices, and wages in southern England and the southern Low Countries had its origins in a series of appendices and footnotes for the first twelve volumes of the Correspondence of Erasmus (1484-1527), part of the Collected Works of Erasmus, which the...

Persistent link: https://www.econbiz.de/10005827250

Monetary Policies, Guild Labour-Strife, and Compulsory Arbitration during the Decline of the Late-Medieval Flemish Cloth Industry, 1390 - 1435

Munro, John H. - University of Toronto, Department of Economics - 1998

This paper explores the impact of the Count of Flanders' monetary and wage policies upon the fortunes of the Flemish woollen cloth industry in a crucial but penultimate phase of its irredeemable decline, from 1390 to 1435, when it was beginning to yield to the growing supremacy of the now...

Persistent link: https://www.econbiz.de/10005771725

A General Equilibrium Analysis of Parental Leave Policies

Erosa, Andres; Fuster, Luisa; Restuccia, Diego - University of Toronto, Department of Economics - 2009

Despite mandatory parental leave policies being a prevalent feature of labor markets in developed countries, their aggregate effects in the economy are not well understood. To assess their quantitative impact, we develop a general equilibrium model of fertility and labor market decisions that...

Persistent link: https://www.econbiz.de/10008497623

On the Equivalence of Walrasian and Non-Walrasian Equilibria in Contract Markets: The case of Complete Contracts

Peters, Michael - University of Toronto, Department of Economics - 1995

This paper explores two models of an economy in which contracts are exchanged. In the first version contracts are exchanged on a competitive market in which traders expectations concerning conditions that prevail within specific markets adjust until markets `clear'. In the second model contract...

Persistent link: https://www.econbiz.de/10005704806

Labor Supply and Government Programs: A Cross-Country Analysis

Erosa, Andres; Fuster, Luisa; Kambourov, Gueorgui - University of Toronto, Department of Economics - 2011

There are substantial cross-country differences in labor supply late in the life cycle (age 50+). A theory of labor supply and retirement decisions is developed to quantitatively assess the role of social security, disability insurance, and taxation for understanding differences in labor supply...

Persistent link: https://www.econbiz.de/10009369457

The Collective Marriage Matching Model: Identification, Estimation and Testing

Choo, Eugene; Seitz, Shannon; Siow, Aloysius - University of Toronto, Department of Economics - 2008

We develop and estimate an empirical collective model with endogenous marriage formation, participation, and family … labor supply. Intra-household transfers arise endogenously as the transfers that clear the marriage market. The intra …-household allocation can be recovered from observations on marriage decisions. Introducing the marriage market in the collective model …

Persistent link: https://www.econbiz.de/10005704742

Self-Promoting Investments

Pitchik, Carolyn; Siow, Aloysius - University of Toronto, Department of Economics - 1997

What is the impact on human capital investment when a worker's ability and investments are observed by the labour market only when the worker invests in self-promoting activities? When firms pay spot market wages, high ability workers overinvest in self- promotion. There is no employment...

Persistent link: https://www.econbiz.de/10005704780