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GDP and the value of family caretaking: How much does Europe care?
Giannelli, Gianna Claudia; Mangiavacchi, Lucia; … - 2010
This study estimates the size and value of unpaid family caretaking activities at a European level. While at a country level several studies are available, a comprehensive evaluation for Europe as a whole was missing so far, mainly due to data limitations. This paper fills this gap using a...
Persistent link: https://www.econbiz.de/10010274019
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Time-bound opportunity costs of informal care: Consequences for access to professional care, caregiver support, and labour supply estimates
Hassink, Wolter; van den Berg, Bernard - 2011
Patterns of informal care are documented throughout the day with Dutch time use diary data. The diary data enable us to identify a, so far overlooked, source of opportunity costs of informal care, i.e. the necessity to perform particular tasks of informal care at specific moments of the day....
Persistent link: https://www.econbiz.de/10010274611
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It's the opportunity cost, stupid!: How self-employment responds to financial incentives of return, risk and skew
Berkhout, Peter; Hartog, Joop; van Praag, Mirjam - 2011
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on the opportunity cost, i.e. the wages given up as an employee. Information on...
Persistent link: https://www.econbiz.de/10010282326
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Supply and Demand, Allocation and Wage Inequality: An International Comparison
Dupuy, Arnaud; Borghans, Lex - 2003
In this paper, we develop an allocation model of workers differentiated by their field of study to test whether … model explicitly takes into account the effects of supply and demand shifts on the allocation structure to disentangle …
Persistent link: https://www.econbiz.de/10010261618
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Comparative Advantage and Cost Efficiency of Rice-Producing Farms in Bangladesh: A Policy Analysis
Islam, Mohammad Ariful - In: Journal of Rural Problems 52 (2016) 3, pp. 85-96
This study aims to investigate whether Bangladesh rice still has comparative advantage if fertilizer subsidy is lifted up, and to what extent the reduction of cost inefficiency raise comparative advantage. For that purpose, we calculate “Domestic Resource Cost (DRC)” as an indicator of...
Persistent link: https://www.econbiz.de/10012631334
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Dismissal protection and worker flows in OECD countries: Evidence from cross-country/cross-industry data
Bassanini, Andrea; Garnero, Andrea - 2012
Exploiting a unique dataset including cross-country comparable hiring and separation rates by type of transition for 24 OECD countries, 23 business-sector industries and 13 years, we study the effect of dismissal regulations on different types of gross worker flows, defined as one-year...
Persistent link: https://www.econbiz.de/10010282637
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Accounting for China's growth
Brandt, Loren; Zhu, Xiaodong - 2010
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10010269571
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The reproductive value in distributed optimal control models
Wrzaczek, Stefan; Kuhn, Michael; Prskawetz, Alexia; … - 2009
We show that in a large class of distributed optimal control models (DOCM), where population is described by a McKendrick type equation with an endogenous number of newborns, the reproductive value of Fisher shows up as part of the shadow price of the population. Depending on the objective...
Persistent link: https://www.econbiz.de/10010352558
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The reproductive value as part of the shadow price of population
Feichtinger, Gustav; Kuhn, Michael; Prskawetz, Alexia; … - 2011
The reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.
Persistent link: https://www.econbiz.de/10010352601
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A retail price index including the shadow price of owner occupied housing
Blow, Laura; Nesheim, Lars - 2009
How do house price changes affect the cost of living? The retail price index in the UK does not directly incorporate house price changes. Instead it uses mortgage interest to capture the cost of owning a home. This is a useful method from many perspectives. However, from a consumer welfare...
Persistent link: https://www.econbiz.de/10010288432