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The discrete choice model of McFadden (1973) is used to quantify the desire for going into rehabilitation or disability among fully employed married women in Norway. Predictions using the model indicate that as much as 60 percent of full-time employed married women going into disability or...
Persistent link: https://www.econbiz.de/10011968411
Persistent link: https://www.econbiz.de/10008747587
This paper presents a framework for estimating non-Walrasian models with many markets based on the virtual price approach in Lee (1986). The paper discusses an open economy multi-market non-Walrasian model with many agents and government production. The modeling of the labor markets is built on...
Persistent link: https://www.econbiz.de/10004980523
The paper discusses the importance of decreasing mortality in explaining demographic change over the last century. A two-sex overlapping generations model is used where care both for children and the elderly is modeled. Assuming that the main costs of care are tied to time use (and thereby...
Persistent link: https://www.econbiz.de/10004980622
This paper presents a method for aggregation across markets in a Non-Walrasian model, focusing mainly on labor markets. The method utilizes a probabilistic approach based on aggregating across virtual price functions instead of demand functions or budget shares as is normally done. By assuming...
Persistent link: https://www.econbiz.de/10004980689
The microsimulation model MOSART is used to analyse the long run development in disability and old-age pensions covered by the Norwegian National Insurance System. The number of pensioners will increase relative to the number of workers, leading to a growing tax burden on future generations. It...
Persistent link: https://www.econbiz.de/10004980951
Macroeconomic theories take polar views on the importance of choice versus chance. At the micro level, it seems realistic to assume that both dimensions play a role for individual employment outcomes, although it might be difficult to separate these two effects. Nevertheless the choice and...
Persistent link: https://www.econbiz.de/10009421256
Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work have gained popularity because they are more practical than standard approaches based on marginal calculus. In this paper we argue that practicality is not the only feature that...
Persistent link: https://www.econbiz.de/10010678264
This paper analyzes labor force participation with particular reference to the discouraged worker effect. Discouraged workers are those who do not search for work because they view their chances of finding a suitable job as too low. The theoretical point of departure is a search model where the...
Persistent link: https://www.econbiz.de/10008763788
Since the 1960s, Beckers’ New Home Economics has provided a central theoretical framework for studies of fertility behaviour. New Home Economics predict a negative effect of female wages on fertility. This prediction has been tested in a number of studies over the past decades, but the results...
Persistent link: https://www.econbiz.de/10010795472