Showing 1 - 10 of 16
We document contemporaneous differences in the aggregate labor supply of married couples across 18 OECD countries along the extensive and the intensive margin. We quantify the contribution of international differences in non-linear labor income taxes and consumption taxes, as well as gender wage...
Persistent link: https://www.econbiz.de/10011133697
Although the link between household size and consumption has a strong empirical support, there is no consistent way in which demographics are dealt with in standard life-cycle models. We study the relationship between the predictions of the Single Agent model (the standard in the literature)...
Persistent link: https://www.econbiz.de/10011110390
care enrollment decisions of married females in West Germany. In line with the facts for a cross-section of OECD countries, a special emphasis is put on the level relationship between maternal labor force participation and child care enrollment. A calibrated life-cycle model is used to evaluate...
Persistent link: https://www.econbiz.de/10011080587
In the quantitative macro literature, single agent models are heavily used to explain "adult equivalent" household data, a common example being household consumption deflated by some form of equivalence scale. In this paper, we study differences between the consumption of single agent models and...
Persistent link: https://www.econbiz.de/10011081414
We document changes in female labor supply between 1983 and today in seven OECD countries. Based on micro data sets, we construct comparable measures of hours worked across time and space which incorporate both the extensive and intensive margins of female labor supply. We document trends in...
Persistent link: https://www.econbiz.de/10011081574
We use three different micro data sets, the European Labor Force Survey, the Current Population Survey, and the German Microcensus, to obtain annual hours worked for various demographic subgroups in the US and 18 European countries. One major difficulty in constructing annual hours from micro...
Persistent link: https://www.econbiz.de/10011081795
We document contemporaneous differences in the aggregate labor supply of married couples across 19 OECD countries. We quantify the contribution of international differences in non-linear labor income taxes and consumption taxes, as well as male and female wages, to the international differences...
Persistent link: https://www.econbiz.de/10011084135
We introduce a dynamic panel threshold model to estimate inflation thresholds for long-term economic growth. Advancing on Hansen (J Econom 93:345–368, <CitationRef CitationID="CR14">1999</CitationRef>) and Caner and Hansen (Econom Theory 20:813–843, <CitationRef CitationID="CR7">2004</CitationRef>), our model allows the estimation of threshold effects with panel data even in...</citationref></citationref>
Persistent link: https://www.econbiz.de/10010994442
In the quantitative macro literature, single agent models are heavily used to explain "per-adult equivalent" household data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent" consumption predictions from a model where household...
Persistent link: https://www.econbiz.de/10008854394
This paper introduces a generalized panel threshold model by allowing for regime intercepts. The empirical application to the relation between inflation and growth confirms that the omitted variable bias of standard panel threshold models can be statistically and economically significant.
Persistent link: https://www.econbiz.de/10008866880