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This paper is a survey of the literature on theoretical models of the household, paying particular attention to some of the earlier contributions, and using them to place the current state of the theory in perspective. One of its aims is to suggest that the literature's neglect of Samuelson's...
Persistent link: https://www.econbiz.de/10010264270
Empirical evidence from the psychology literature suggests that reactions towards health shocks depend strongly on the personality trait of locus of control, which is usually unobservable to the analyst. In this paper, the role of this discrete heterogeneity in shaping the effects of health...
Persistent link: https://www.econbiz.de/10010264739
Utilizing linked vital statistics, administrative employer, and state welfare records, the analysis in this paper investigates the determinants of a woman's intermittent labor force decision at the time of a major life event: the birth of a child. The results indicate that both direct and...
Persistent link: https://www.econbiz.de/10008909056
Over the last two decades Indonesia has experienced a signifcant decline in fertility rates and substantial increases in the level of education of women. Despite this development female labor force participation rates have remained roughly constant throughout this period. This paper explores the...
Persistent link: https://www.econbiz.de/10010339415
Job-Market signaling is ranked high among the explanations why individuals engage voluntarily in OSS projects. If true, signaling implies the existence of a wage premium for OSS engagement. However, due to a lack of data this issue has not been tested previously. Based on a novel data set...
Persistent link: https://www.econbiz.de/10010442768
We consider a collective model of a household in which each member has a utility function satisfying the weak separability condition. We show that the separability at the individual level carries over to the household level and that the allocation of private goods in any Pareto-efficient...
Persistent link: https://www.econbiz.de/10013091315
Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a statistical life (IEVSL) overlook important restrictions implied by a more complete description of the individual choice problem. We develop a more general model of the IEVSL that...
Persistent link: https://www.econbiz.de/10013156007
We quantify the relevance of targeting behavior in the labor supply decisions of New York City Taxi drivers using exogenous and transitory positive changes in labor demand. Exploiting high-frequency variations in taxi demand due to subway service disruptions, we show that drivers work more when...
Persistent link: https://www.econbiz.de/10012895027
Using a comprehensive dataset of taxi trips operated in New York City (NYC) in 2013, we revisit the labor supply patterns of taxi drivers. Our empirical specification is based on the insight that recent related findings are likely to be driven by the econometric methods applied. Our key result...
Persistent link: https://www.econbiz.de/10012871499
We contribute to the literature on the effects of personality traits on labour market outcomes focusing on time mismanagement as an underlying mechanism. We document differences in time allocation to the labour market by different personality types in the UK and show how they may account for...
Persistent link: https://www.econbiz.de/10012802387