This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...

Recommended readings (Machine generated): 1. Gary S. Becker (1965), 'A Theory of the Allocation of Time', Economic Journal, 75 (299), September, 493-517 2 -- 2. Reuben Gronau (1973), 'The Intrafamily Allocation of Time: The Value of the Housewives' Time', American Economic Review, 63(4),...

"This Research Collection surveys the main contribution to labor supply decisions within the family. It covers both theory, from the initial 'unitary' model that postulates that the family behaves as a single decision maker, to modern 'collective' approaches that concentrates on differences in...

This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using two already established models called “STSM” and “PACE-L” used by the Centre for European Economic Research. This state of the art research method for applied policy...