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requiring multiple periods of work and stochastic productivity shocks. I find that increasing ability or reducing fatigue does …-the-job leisure. In a world with heterogenous agents, the problem may be ameliorated by the introduction of a dual labour market with … freelancers (who can take breaks at their discretion) and regular workers (who work on a fixed schedule). …
Persistent link: https://www.econbiz.de/10010316935
freelancers (who can take breaks at their discretion) and regular workers (who work on a fixed schedule). -- Breaks ; leisure … ; productivity ; freelancing … requiring multiple periods of work and stochastic productivity shocks. I find that increasing ability or reducing fatigue does …
Persistent link: https://www.econbiz.de/10009740580
requiring multiple periods of work and stochastic productivity shocks. I find that increasing ability or reducing fatigue does …-the-job leisure. In a world with heterogeneous agents, the problem may be ameliorated by the introduction of a dual labor market with … free-lancers (who can take breaks at their discretion) and regular workers (who work on a fixed schedule) …
Persistent link: https://www.econbiz.de/10014174866
Persistent link: https://www.econbiz.de/10012436325
That sunk costs are not relevant to rational decision-making is often presented as one of the basic principles of economics. When people are influenced by sunk costs in their decision-making, they are said to be committing the sunk cost fallacy. Contrary to conventional wisdom, we argue that, in...
Persistent link: https://www.econbiz.de/10014225506
We study optimal growth under learning. We extend the Mirman-Zilcha stochastic growth results characterizing optimal programs for general utility and production functions to the case of learning. We then use recursive methods to study the effect of learning on the dynamic program by considering...
Persistent link: https://www.econbiz.de/10013034852
The productivity paradox has sparked a great deal of research during the past three decades. Unfortunately, neither the … investments in information and communication technology (ICT) affect the productivity of firms, sectors, and economies. This study … aims to solve the productivity paradox by analysing the moderating effect of technological innovations on the link between …
Persistent link: https://www.econbiz.de/10012131285
Persistent link: https://www.econbiz.de/10011876706
We report the results of surveys on positional concerns for income and leisure. The results confirm earlier evidence … subtle approach than has previously been proposed for using taxation to correct distortions in the income-leisure choice. …
Persistent link: https://www.econbiz.de/10005558353
leisure increased most in France and least in the U.S. Contrary to what standard theory predicts, home hours changed … feed in taxes and labor productivities. To obtain this result it is crucial to measure the labor productivity of home …
Persistent link: https://www.econbiz.de/10011306108