labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages … labor force and rises the share of attached workers. Finally, our theory suggests that contrary to two-state models …

behaviour in respect of female labour supply and saving, and provide evidence to show that these are very closely related across …

Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of … household production and the allocation of time within the household. The analytical framework of household production theory …

individual models presented in his theory of marriage. Decision-making models assuming independent individual household members …

economic theory of optimal taxation and tax reform, at least as it is presented in the mainstream literature, provides little … centrally important the relationship between productivity in household production and female labour supply really is, and how …

using market wages. This approach implies a fundamental identification problem. We demonstrate that the identification …