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We provide a new full-commitment intertemporal collective household model to estimate resource shares, defined as the fraction of household expenditure enjoyed by household members. Our model implies nonlinear time-varying household quantity demand functions that depend on fixed effects. We...
Persistent link: https://www.econbiz.de/10012228740
We analyze cross-country trends in technological progress over the period of 1980-2011 by examining citations data from almost 4 million utility patents granted by the US Patent and Trademark Office (USPTO). Our estimation results on patent quality and distance to the knowledge frontier reveal...
Persistent link: https://www.econbiz.de/10010336476
This paper proposes empirically tractable multidimensional matching models, focusing on worker-job matching. We generalize the parametric model proposed by Lindenlaub (2017), which relies on the assumption of joint normality of observed characteristics of workers and jobs. In our paper, we allow...
Persistent link: https://www.econbiz.de/10014536215