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Our paper aims at testing the intertemporal substitution hypothesis (ISH) for small and medium enterprises (SMEs) in Bosnia and Herzegovina. The hypothesis predicts a positive relationship between the hours worked and the transitory changes in wages. We tested the hypothesis using the data on...
Persistent link: https://www.econbiz.de/10011840852
Persistent link: https://www.econbiz.de/10012220939
these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them … to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving … consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes. …
Persistent link: https://www.econbiz.de/10012175734
these channels, we conduct laboratory consumption/saving experiments. A novel feature of our experiments is that we tie them … to a real-effort style task. In four treatments, we turn on and off the two channels for consumption smoothing: saving … consumption; (iv) saving and time shifting are substitutes, though not perfect substitutes. …
Persistent link: https://www.econbiz.de/10012195562
We argue that using wage data alone, it is virtually impossible to identify whether Assortative Matching between worker and firm types is positive or negative. In standard competitive matching models the wages are determined by the marginal contribution of a worker, and the marginal contribution...
Persistent link: https://www.econbiz.de/10003809678
We extend the search-matching model of the marriage market of Shimer and Smith (2000) to allow for labor supply and home production. We characterize the steadystate equilibrium when exogenous divorce is the only source of risk. We study nonparametric identification using cross-section data on...
Persistent link: https://www.econbiz.de/10009715111
We develop a model of the household in which spousal incomes are determined by pre-marital investments, the marriage market is characterized by assortative matching, and endogenously-determined sharing rules form the basis of intra-household allocations. By incorporating pre-marital investments...
Persistent link: https://www.econbiz.de/10003115139
We propose a search-matching model of the marriage market that extends Shimer and Smith (2000) to allow for labor supply. We characterize the steady-state equilibrium when exogenous divorce is the only source of risk. The estimated matching probabilities that can be derived from the steady-state...
Persistent link: https://www.econbiz.de/10013119348