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This paper provides derivations necessary for solving an optimal consumption problem with multiplicative habits and a CRRA 'outer' utility function either for a microeconomic problem with both labor income risk and rate-of-return risk or for a macroeoconomic representative agent model.
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with other industries. We also find a relatively strong overall effect of new business formation in knowledge …
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This paper estimates the contribution of child labour to the formation of household income in rural enterprises. The …
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données américaines du National Longitudinal Survey of Youth (NLSY), cette étude s'attarde à examiner l'impact de la formation … observée, les résultats montrent (i) un impact économiquement et statistiquement significatif de la formation sur le salaire … dans l'emploi courant, (ii) un impact substantiel sur le salaire de la formation acquise avec les employeurs précédents …
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