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supply behavior ; intermittent ; labor market exit ; labor leisure choice model …
Persistent link: https://www.econbiz.de/10008909056
Modern consumer theories are built upon the premise of the forward looking behavior of households. While most of the empirical studies at micro level are based on Euler equation, there have been few to estimate the household consumption function and test the implication of forward looking...
Persistent link: https://www.econbiz.de/10011539196
We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call "memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory. We construct a novel consumption-savings...
Persistent link: https://www.econbiz.de/10010208579
We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both accidental and voluntary bequests to their cinldren....
Persistent link: https://www.econbiz.de/10010440978
Women born in 1935 went to college significantly less than their male counterparts and married women's labor force participation (LFP) averaged 40% between the ages of thirty and forty. The cohort born twenty years later behaved very differently. The education gender gap was eliminated and...
Persistent link: https://www.econbiz.de/10009516927
Prescott (2004) argues that Europeans work much less than Americans because of higher taxes and that they would gain significantly by charging US taxes and working as much as Americans. I argue that the opposite may be true and that Americans work more than Europeans due to a coordination...
Persistent link: https://www.econbiz.de/10010258175
leisure and effort at work are complementary. We develop a spatial model of self-employment in which effort at work and …
Persistent link: https://www.econbiz.de/10011449760
-efficiency background, where leisure and effort at work are complementary. Using data from the American Time Use Survey (ATUS) for the … relationship between individual earnings and commuting and leisure. Our empirical results show that employment is mostly … urban wage-efficiency theory. Furthermore, we use Geographical Information System models to show that there is no common …
Persistent link: https://www.econbiz.de/10011452224
posit that leisure time will be more sensitive to power considerations than housework time which may be more influenced by … supportive of these hypotheses, with leisure time on non-work days in the US being particularly responsive to economic power. In … enjoy more leisure time than would be suggested by their economic power alone. -- Time use ; power ; leisure ; institutions …
Persistent link: https://www.econbiz.de/10003769575
dramatic increase in leisure time lies behind the relatively stable number of market hours worked (per working-age adult …) between 1965 and 2003. Specifically, we document that leisure for men increased by 6?8 hours per week (driven by a decline in … leisure corresponds to roughly an additional 5 to 10 weeks of vacation per year, assuming a 40-hour work week. We also find …
Persistent link: https://www.econbiz.de/10003286734