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growth model with macroeconomic variables observed in the data. The paper finds that total factor productivity and the … consumptionleisure trade-off the productivity and labor factors are key to understanding the changes in output, labor supply and labor … productivity observed in the Canadian economy. The paper performs a decomposition of the labor factor for Canada and the United …
Persistent link: https://www.econbiz.de/10010280047
The rise in per-capita labor over the last 30 years is difficult to explain in a standard macroeconomic model because rising wages of women should have lead to a large rise in husband's leisure. This paper argues that home production and bargaining are both essential for understanding these...
Persistent link: https://www.econbiz.de/10010268442
Using matched March Current Population Surveys, we examine labor market transitions of husbands and wives. We find that the “added-worker effect”—the greater propensity of nonparticipating wives to enter the labor force when their husbands exit employment— is still important among a...
Persistent link: https://www.econbiz.de/10010283436
We analyze the causal effect of the length of the worker's commute on worker's productivity, by examining whether …
Persistent link: https://www.econbiz.de/10010278752
with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a … (or, equivalently, the wage-productivity gap) deserves the attention of policy makers. …
Persistent link: https://www.econbiz.de/10010280741
productivity. To that purpose, we introduce politics in an OLG economy with endogenous growth due to human and physical capital … resources from education spending to retirement benefits and a slowdown of productivity growth. Calibrated to U.S. data, the … and the education share to fall. This effect depresses the annual productivity growth rate by 10 basis points. In spite of …
Persistent link: https://www.econbiz.de/10011430063
. Both the age of pension eligibility and actual retirement age are determined by the productivity and marginal disutility of …
Persistent link: https://www.econbiz.de/10010261338
This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a general equilibrium model, consistent with the post 1960s facts on male wage inequality and labor supply in the U.S. In the...
Persistent link: https://www.econbiz.de/10010279954
't use communal strategies. Second, labor supply of working men increases with their use of agentic strategies. The findings …
Persistent link: https://www.econbiz.de/10010304041
hours of work are relatively inelastic for men, but are a little more responsive for married women and lone mothers. On the … from a discrete participation model for both married and single men based on the numerous reforms over the past two decades … in the UK. We find that the participation of low education men is somewhat more responsive to incentives than previously …
Persistent link: https://www.econbiz.de/10010268568