The literature on economics of transition has suggested a number of scenarios to explain unemployment and labour reallocation in Eastern Europe. However, it has recently been argued that these so-called Optimal Speed of Transition (OST) studies do not account for many stylized facts concerning...

This paper presents two models in explaining time allocation to micro credit (MC) by households in North America. The single-period model explains the optimal allocation of time to a microenterprise in any given period, conditional on the household having self-selected into the MC program. A...

This essay investigates the impacts of primary care giver’s (PCG) time allocation and food expenditure choices on childhood obesity using national panel study of income dynamic (PSID) data. A triangular system of equations is derived and estimated under parametric and semi-parametric model...

According to neo-classical theory, farmoperators’ labour allocation is determined by therelative wage they can earn from their labour on and offthe farm. At the equilibrium, time should be allocated sothat the marginal returns from on- and off-farm workare equal. Thus, a move from coupled to...