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for leisure. Transitional dynamics of production growth, especially of structural change towards a 'new' sector (with … relatively scarce experience), of the optimal sectoral distribution of working time and of leisure as well as the corresponding …
Persistent link: https://www.econbiz.de/10010286347
leisure services. By extending the endogenous growth model with leisure developed by Ladrón-de Guevara et al. [1999], our … between work, education, purely free time and time spent on leisure services, where the latter represents therefore an … additional time-consuming activity. Accordingly, service consumption is tied to a production sector for leisure services in our …
Persistent link: https://www.econbiz.de/10012856184
If partners derive utility from joint leisure time, it is expected that they will coordinate their work schedules in … order to increase the amount of joint leisure. In order to control for differences in constraints and selection effects …. Finally, partners coordinate their work schedules in order to have more joint leisure time, which is evidence for togetherness …
Persistent link: https://www.econbiz.de/10014061612
When considering benefits of marriage, economic theory usually stresses the possibility of joint consumption and the … leisure time together. For these individuals it then pays off to synchronize work times with their partners. This paper tests …
Persistent link: https://www.econbiz.de/10014065285
leisure services. By extending the endogenous growth model with leisure developed by Ladrón-de Guevara et al. [1999], our … between work, education, purely free time and time spent on leisure services, where the latter represents therefore an … additional time-consuming activity. Accordingly, service consumption is tied to a production sector for leisure services in our …
Persistent link: https://www.econbiz.de/10011714375
This paper presents a simple North-South model of endogenous growth, based on learning by doing, which is consistent with the following empirical observations: (i) the price of investment goods relative to consumption goods has been falling for the last 40 years in most industrialized countries,...
Persistent link: https://www.econbiz.de/10009748282
We show that in multi-sector optimal growth models, where the technology satisfies a simple reachability condition, infinite horizon programs which satisfy the competitive conditions are optimal. We provide examples of a variety of production models where the reachability condition is satisfied....
Persistent link: https://www.econbiz.de/10014179641
We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10013021942
This paper provides the complete closed-form solution to the Lucas two-sector model of endogenous growth. We study the issues of existence, uniqueness, multiplicity, positivity, transitional dynamics and long-run growth, related to the competitive equilibrium paths. We identify the parameter...
Persistent link: https://www.econbiz.de/10014107802
leisure time (SALT). To explain the decision-making mechanism of SALT, we divide time from the perspective of space and … construct the individual utility function to transform SALT problem into a dynamic optimization process of in-home leisure time … by the strong hand. Via simulation and analysis, our theory of SALT can explain the spatial distribution characteristics …
Persistent link: https://www.econbiz.de/10014030046