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Economic theories of discrimination are usually based on tastes. The huge body of empirical studies, however, considers the discriminatory outcomes that are the reduced-form results of interactions between tastes and opportunity sets. None examines tastes for discrimination directly, or...
Persistent link: https://www.econbiz.de/10005575133
The effects on consumption and retirement of characteristics of the life cycle, especially the length of the horizon, are examined. At any given age people will work more and consume less if they expect to live longer. This and other propositions are tested on several sets of data. The Terman...
Persistent link: https://www.econbiz.de/10005575180
With the American Time Use Survey of 2003 and 2004 we first examine whether additional market work has neutral impacts on the mix of non-market activities. The estimates indicate that fixed time costs of market work alter patterns of non-market activities, reducing leisure time and mostly...
Persistent link: https://www.econbiz.de/10005575401
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 input into...
Persistent link: https://www.econbiz.de/10005575533
I formulate measures of the effective minimum wage, based on broad definitions of the labor costs that face employers, and use these measures in reestimating some simple equations relating the relative employment of youths and adults to the U.S. minimum wage using aggregate data for 1954-78.I...
Persistent link: https://www.econbiz.de/10005575632
Social commentators have pointed to problems of women workers who face time stress' an absence of sufficient time to accomplish all their tasks. An economic theory views time stress as reflecting how tightly the time constraint binds households. Time stress will be more prevalent in households...
Persistent link: https://www.econbiz.de/10005575837
Markets that involve customers waiting for services or goods in queues whose length they cannot observe are studied. In these markets suppliers truncate queues that become so long that they jeopardize the supplier's future relations with the customer. The length of the queue and the probability...
Persistent link: https://www.econbiz.de/10005580059
I ask generally whether a country can benefit from the temporary importation of human capital, and specifically whether a program that attracts large groups of academic visitors to a distant country benefits it by generating additional scholarly research on local issues. Using the list of...
Persistent link: https://www.econbiz.de/10005580204
The theory of the dynamics of labor demand is based either on the costs of adjusting the level of employment or on the costs of hiring or firing (of gross changes in employment). We write down a generalized cost of adjustment function that includes both types of cost and allows for asymmetries...
Persistent link: https://www.econbiz.de/10005580613
This essay sets out a framework for evaluating empirical work in terms of the ability of the data to provide adequate parameter estimates and hypothesis tests about the true underlying structure. Problems of aggregation, representativeness and structural change are discussed in detail. These...
Persistent link: https://www.econbiz.de/10005580824