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Over the last decades, hours worked per capita have declined substantially in many OECD economies. Using a neoclassical growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline in hours worked. In the model, a permanent reduction...
Persistent link: https://www.econbiz.de/10012546895
Major strands of recent macroeconomic theory hinge on the relation of workers' efforts to their wages, but there has …-the-job leisure will reduce productivity (output per hour paid-for), that monitoring workers can yield returns to the firm, but that …
Persistent link: https://www.econbiz.de/10013245323
Major strands of recent macroeconomic theory hinge on the relation of workers' efforts to their wages, but there has …-the-job leisure will reduce productivity (output per hour paid-for), that monitoring workers can yield returns to the firm, but that …
Persistent link: https://www.econbiz.de/10012476258
measurement of long-run productivity change. The analysis provides a link between a technology rooted in physical capital with one … rooted in human capital. Shiftwork, Capital Hours and Productivity Change, which emphasizes empirical research, should be of … multifactor productivity statistics that are now being published by the U.S. Bureau of Labor Statistics for detailed (two …
Persistent link: https://www.econbiz.de/10013521945
Persistent link: https://www.econbiz.de/10010418982
We document contemporaneous differences in the aggregate labor supply of married couples across 17 European countries and the US. Based on a model of joint household decision making, we quantify the contribution of international differences in non-linear labor income taxes and consumption taxes...
Persistent link: https://www.econbiz.de/10011602475
We document contemporaneous differences in the aggregate labor supply of married couples across 17 European countries and the US. Based on a model of joint household decision making, we quantify the contribution of international differences in non-linear labor income taxes and consumption taxes...
Persistent link: https://www.econbiz.de/10011607448
Persistent link: https://www.econbiz.de/10011923474
I structurally estimate an incomplete markets life-cycle model with endogenous labor supply using data on the joint distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second moments of the data over the life cycle. The key...
Persistent link: https://www.econbiz.de/10011756849
Persistent link: https://www.econbiz.de/10013281370