Showing 1 - 6 of 6
This paper develops a learning model of cultural change to investigate why women's labor force participation (LFP) and attitudes toward women’s work both changed dramatically. In the model, women's beliefs about the long-run payoff from working evolve endogenously via an intergenerational...
Persistent link: https://www.econbiz.de/10011129975
We assess the empirical importance of changes in income and relative prices for structural transformation in the postwar United States. We explain two natural approaches to the data: sectors may be categories of final expenditure or value added; e.g., the service sector may be the final expenditure...
Persistent link: https://www.econbiz.de/10010815471
We consider two life cycle models of labor supply that use nonconvexities to generate retirement. In each case we derive a link between hours worked prior to retirement, the intertemporal elasticity of substitution for labor (IES), and the size of the nonconvexities. This link is robust to...
Persistent link: https://www.econbiz.de/10010666613
We construct a family model of labor supply that features adjustment along both the intensive and extensive margin. Intensive margin adjsutment is restricted to two values: full-time work and part-time work. Using simulated data from the steady state of the calibrated model, we examine whether...
Persistent link: https://www.econbiz.de/10009132575
Many states are implementing school-finance reforms which will have complex effects on income distribution, intergenerational income mobility, and welfare. This paper analyzes the static and dynamic effects of such reforms by constructing a dynamic general equilibrium model of public-education...
Persistent link: https://www.econbiz.de/10005571429
Persistent link: https://www.econbiz.de/10005571449