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study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk …
Persistent link: https://www.econbiz.de/10012118320
there an optimal maturity structure of public debt? Using a stochastic Diamond OLG model, we tackle these questions. We show … that there may be a welfareimproving role for a well-designed maturity structure of debt. …
Persistent link: https://www.econbiz.de/10011405711
fractions of work are performed at night and on weekends. -- Labor demand ; time use ; wage penalty …
Persistent link: https://www.econbiz.de/10003784408
In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …
Persistent link: https://www.econbiz.de/10003323162
We document that, over the 20th century, age at first marriage followed a U-shaped pattern, while the gender education gap tracked an inverted-U path in the United States. To explain this, we propose a multi-period frictionless matching model where educational and marriage decisions are...
Persistent link: https://www.econbiz.de/10011450348
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In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment decisions given their labor productivity. By allowing workers' organizations to have positive effects on labor effort, we find that the classic hold-up problem does not necessarily...
Persistent link: https://www.econbiz.de/10012058483
Eating requires the food materials that make up meals and also time devoted to buying food, preparing meals and eating … them, and cleaning up afterwards. Using time-diary and expenditure data for the U.S. for 1985 and 2003, I examine how … income and time prices affect time and goods inputs into this household-produced commodity. Focusing on these two years …
Persistent link: https://www.econbiz.de/10003278946