Showing 1 - 10 of 1,071
This paper investigates the impacts of firm technology choice on cross-country variations in gender gaps---particularly those variations in the wages and time devoted to home production. For this purpose, we construct a general equilibrium model that includes firm technology choice and home...
Persistent link: https://www.econbiz.de/10011108830
Using an endogenous growth model with physical and human capital, we explore short-run as well as long-run effects of fiscal policy in the presence of households' production activities. We first show that our model has a unique balanced-growth path that satisfies saddlepoint stability. We then...
Persistent link: https://www.econbiz.de/10005105905
We control for demographic changes to document trends in the allocation of time using time diary data for Canada (1986 to 2005) and the United States (1985 to 2005). We find that (1) in 2005, average weekly hours spent on market work is higher in Canada than in the U.S. (37.29 vs. 33.29) , (2)...
Persistent link: https://www.econbiz.de/10005621948
There is substantial heterogeneity in the gender gaps in unemployment across OECD countries. We incorporate labor … market conditions, moral hazard and home production into a quantitative model of unemployment. The model can explain most of … the gender gaps in unemployment across the OECD countries. We �find that each component is quantitatively important to …
Persistent link: https://www.econbiz.de/10009372549
This study analyses the dynamics of a two-dimensional overlapping generations economy with endogenous labour supply à la Reichlin (1986) and aspirations, i.e. effective consumption by individuals of the current generation depends on the standard of living (based on consumption experience) of...
Persistent link: https://www.econbiz.de/10009397183
By assuming that grandparents take care of grandchildren, in this paper we aim at studying the effects of longevity on economic growth in the basic OLG model with endogenous fertility. We show that a rise in longevity can actually reduce long-run growth. Moreover, we also find that an increasing...
Persistent link: https://www.econbiz.de/10009025259
This paper analyses the dynamics of a two-dimensional overlapping generations model with young and old age labour supply. It is shown that the public provision of health investments, which, in turn, affects the demand for material consumption, may represent a source of local indeterminacy,...
Persistent link: https://www.econbiz.de/10008805890
In the U.S. economy hours and productivity are negatively correlated, and volatility of hours is two times higher than volatility of productivity. In the standard one shock RBC model hours are positively correlated with productivity, and hours are two times less volatile than productivity. This...
Persistent link: https://www.econbiz.de/10008645067
, in many African countries, unemployment rates are low and growth is seldom jobless. Regrettably, most of the poor work … long hours and cannot make ends meet while the violation of basic human rights is not uncommon. Again, youth unemployment …
Persistent link: https://www.econbiz.de/10011107833
) labour. Assuming also the existence of unemployment benefits financed with consumption taxes not conditioned on age at a … balanced budget, it is shown that minimum wages may stimulate economic growth and welfare despite the unemployment occurrence … wage and unemployment benefit policies can appropriately be used to promote balanced growth and welfare. …
Persistent link: https://www.econbiz.de/10008685508