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Technological Progress, the Supply of Hours Worked, and the Consumption-Leisure Complementarity

Irmen, Andreas - 2018

At least since 1870 hours worked per worker declined and real wages increased in many of today's industrialized … stylized facts. Technological progress drives real wages up and expands the amount of available consumption goods. Enjoying … progress moves a poor economy out of a regime with low wages and an inelastic supply of hours worked into a regime where wages …

Persistent link: https://www.econbiz.de/10012925257

Persistence and Cycles in US Hours Worked

Caporale, Guglielmo Maria - 2012

This paper analyses monthly hours worked in the US over the sample period 1939m1 – 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterized by auto-correlations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...

Persistent link: https://www.econbiz.de/10013108087

Relative Consumption, Working Time, and Trade Unions

Goerke, Laszlo; Hillesheim, Inga - 2021

externality can nevertheless mitigate the resulting distortion. The reason is that wages above the market clearing level are only …

Persistent link: https://www.econbiz.de/10013315742

The Cult of Statistical Significance

Kraemer, Walter - 2010

This article takes issue with a recent book by Ziliak and McCloskey (2008) of the same title. Ziliak and McCloskey argue that statistical significance testing is a barrier rather than a booster for empirical research in many fields and should therefore be abandoned altogether. The present...

Persistent link: https://www.econbiz.de/10013135915

Changes in Risk and the Demand for Saving

Eeckhoudt, Louis - 2008

How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor-income risk, second-degree increases in risk require prudence...

Persistent link: https://www.econbiz.de/10012770441

Market Integration, Wage Concentration, and the Cost and Volume of Trade Machines

Edwards, T. Huw - 2014

We investigate the theoretical relationship between wage concentration and international market integration. Access to imported varieties lowers the cost of intermediate inputs (“machines”) used to carry out production tasks, causing workers with different comparative abilities to be sorted...

Persistent link: https://www.econbiz.de/10013045919

Mincer Earnings Functions for the Netherlands 1962-2012

Hartog, Joop - 2016

We extract estimation results on the Mincer earnings function from four earlier studies and add new results from a recent dataset. We analyse differences related to differences in earnings concepts, in sampling frame and differences among studies that cannot be explained. Jointly, the studies...

Persistent link: https://www.econbiz.de/10012997601

Optimal Income Taxation with Unemployment and Wage Responses : A Sufficient Statistics Approach

Kroft, Kory - 2017

endogenous wages, to study the shape of the tax and transfer system at the bottom of the income distribution. The sufficient …

Persistent link: https://www.econbiz.de/10012943389

The Impact of Entrepreneurial Risk Aversion on Wages in General Equilibrium

Feng, Ying - 2015

is intractable. In this note we prove this comparative static result on risk aversion and wages in general equilibrium …

Persistent link: https://www.econbiz.de/10013021717

Optimal Wage Redistribution in the Presence of Adverse Selection in the Labor Market

Bastani, Spencer - 2014

In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...

Persistent link: https://www.econbiz.de/10013047321

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