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An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods vis-a-vis...
Persistent link: https://www.econbiz.de/10012756204
care, and leisure. The chapter concludes with a discussion of why these patterns are important to macroeconomics and spells …
Persistent link: https://www.econbiz.de/10014024263
The time household members in industrialized countries spend on housework and shopping is substantial, amounting on … should also note the impact of tax policy on housework time and consider ways to reduce the distortions caused by sales and …
Persistent link: https://www.econbiz.de/10011430529
I structurally estimate an incomplete markets life-cycle model with endogenous labor supply using data on the joint distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the life cycle. The key...
Persistent link: https://www.econbiz.de/10011756849
Labour market dynamics according the individual working hour tension (preferred working hours minus actual working hours) of active people with focus on the self-employed, as professions and entrepreneurs, and employees are investigated in our study. The individual longitudinal analysis based on...
Persistent link: https://www.econbiz.de/10009674603
housework time between single and married individuals is causal and how much is due to selection. Using longitudinal data from … explain about half of the observed differences in housework documented in the cross-sectional data. There remains a genuine … two-hour increase in housework time for each partner upon marriage, with women specializing in routine, and men …
Persistent link: https://www.econbiz.de/10012957469
We study variations in housework time and leisure consumption when workers are subject to labor market work hours … find that the ceilings on market work hours induce workers to increase time spent on housework, including cooking, and to … reduce vacation time. In contrast, floors on market work hours do not significantly affect time spent on housework, but may …
Persistent link: https://www.econbiz.de/10012718218
housework time between single and married individuals is causal and how much is due to selection. Using longitudinal data from … explain about half of the observed differences in housework documented in the cross-sectional data. There remains a genuine … two-hour increase in housework time for each partner upon marriage, with women specializing in routine, and men …
Persistent link: https://www.econbiz.de/10011647542
This paper provides insights into the gains of forming a couple by estimating how much of the difference in housework … about half of the observed differences in housework documented in the cross-sectional data. Further ancillary evidence … labour. There remains a genuine half-an-hour increase per week in housework time for each partner, with women specializing in …
Persistent link: https://www.econbiz.de/10014102144
Labour market dynamics according the individual working hour tension (preferred working hours minus actual working hours) of active people with focus on the self-employed, as professions and entrepreneurs, and employees are investigated in our study. The individual longitudinal analysis based on...
Persistent link: https://www.econbiz.de/10014207261