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If partners derive utility from joint leisure time, it is expected that they will coordinate their work schedules in … order to increase the amount of joint leisure. In order to control for differences in constraints and selection effects …. Finally, partners coordinate their work schedules in order to have more joint leisure time, which is evidence for togetherness …
Persistent link: https://www.econbiz.de/10011346467
that spouses jointly spend on leisure, household chores and child care. By using a innovative matching strategy, this …
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capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of … oflabor supply, taxation of income may induce agents to spend moreor less time on leisure activities. In the case of … contributionof endogenous leisure is confined to reducing or increasing thesize of the effect on the growth rate. If only capital …
Persistent link: https://www.econbiz.de/10011333258
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This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007).
Persistent link: https://www.econbiz.de/10011377604
the main accent still lies on the development of theory. The novelty of this paper is that we empirically estimate the two …
Persistent link: https://www.econbiz.de/10011346466
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10011318579
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