Intertemporal Labor Supply And Intra Household Commitment
DOWNLOAD
Download Intertemporal Labor Supply And Intra Household Commitment PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Intertemporal Labor Supply And Intra Household Commitment book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Intertemporal Labor Supply And Intra Household Commitment
DOWNLOAD
Author : Pierre-André Chiappori
language : en
Publisher:
Release Date : 2019
Intertemporal Labor Supply And Intra Household Commitment written by Pierre-André Chiappori and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
This paper adopts an intertemporal labor supply perspective to propose a test that allows us to distinguish between intra-household non-commitment, limited commitment, and full commitment. It investigates whether, after controling for current and future (expected) wages, past wage shocks have a lasting and significant impact on present labor supply and public consumption. Using a semi-log parametrization of labor supply and data from the Panel Study of Income Dynamics for the US, the paper shows positive evidence in favor of the limited commitment model. Specifically, unexpected past wage shocks affect labor supply in exactly the way predicted by theory, as spouses' past wage deviations have a negative impact on their labor supply and a positive impact on their spouses'. In addition, wives' past wage shocks also impact negatively household public expenditure on housing.
Intrahousehold Commitment And Intertemporal Labor Supply
DOWNLOAD
Author : Pierre-André Chiappori
language : en
Publisher:
Release Date : 2020
Intrahousehold Commitment And Intertemporal Labor Supply written by Pierre-André Chiappori and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
This paper studies household labor supply, within the context of an intertemporal collective model, and three prominent intrahousehold commitment regimes: full commitment, no commitment, and limited commitment. We propose a test that distinguishes among all three alternatives based on how contemporary and historical changes to the economic environment affect household behavior. We implement the test on recent data from the Panel Study of Income Dynamics in the US (1999-2017). Although couples and singles behave similarly in many aspects, couples' labor supply exhibits distinctive features that are consistent with limited commitment. We then use our results to highlight several issues and caveats that arise when testing for commitment.
Household Labor Economics
DOWNLOAD
Author : Pierre-André Chiappori
language : en
Publisher: Edward Elgar Publishing
Release Date : 2021-01-28
Household Labor Economics written by Pierre-André Chiappori and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-28 with categories.
This Research Collection surveys the main contribution to labor supply decisions within the family. It covers both theory, from the initial 'unitary' model that postulates that the family behaves as a single decision maker, to modern 'collective' approaches that concentrates on differences in preferences and power relationships and empirical applications. Including an original Introduction by the Editors, a special emphasis is placed on dynamic approaches, in particular issues related to intra-household commitment, and on policy implications.
Economics Of The Family
DOWNLOAD
Author : Martin Browning
language : en
Publisher: Cambridge University Press
Release Date : 2014-06-05
Economics Of The Family written by Martin Browning and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-05 with Business & Economics categories.
The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
The Economics Of Gender
DOWNLOAD
Author : Joyce P. Jacobsen
language : en
Publisher: Wiley-Blackwell
Release Date : 1998
The Economics Of Gender written by Joyce P. Jacobsen and has been published by Wiley-Blackwell this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Economic agents can be male or female; they interact in families and households as well as in firms and markets. Yet it is only recently that economists have begun to take the implications of these facts into account in their theory, research, and policy analysis. Informed debate in economics, in other academic fields in which gender is of concern, and in society at large depends on an understanding of the economic issues underlying such questions as "why do women earn less than men" and "why, throughout the world, have men and women tended to work in separate spheres?" "The Economics of Gender, " Second Edition offers a comprehensive, balanced, and up-to-date introduction to the new work on the differences between women's and men's economic opportunities, activities, and rewards. Although Jacobsen's primary focus is on contemporary US patterns, she devotes four chapters to cross-societal comparisons. She also takes a close look at the evolution of contemporary patterns over time and the impact on them of race, ethnicity, and class. Throughout, she discusses the pros and cons of various policies, including "comparable worth" and welfare programs. Many real-life examples and anecdotes enliven the text. Appendices provide additional help for readers who have not had a course in economics and further detail for the economically sophisticated. Clear, readable, and provocative, the Second Edition of "The Economics of Gender" will continue to be welcomed as a primary text for the growing number of courses on gender economics. It remains a valuable supplement to courses in labor economics, economic policy, and women's studies. Finally, academics and policymakers in a wide range of fields will appreciate the book as a crucial reference.
Agricultural Household Models
DOWNLOAD
Author : Inderjit Singh
language : en
Publisher:
Release Date : 1986
Agricultural Household Models written by Inderjit Singh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Agricultural industries categories.
This book presents the basic model of an agricultural household that underlies most of the case studies undertaken so far. The model assumes that households are price-takers and is therefore recursive. The decisions modeled include those affecting production and the demand for inputs and those affecting consumption and the supply of labor. Comparative results on selected elasticities are presented for a number of economies. The empirical significance of the approach is demonstrated in a comparison of models that treat production and consumption decisions separately and those in which the decisionmaking process is recursive. The book summarizes the implications of agricultural pricing policy for the welfare of farm households, marketed surplus, the demand for nonagricultural goods and services, the rural labor market, budget revenues, and foreign exchange earnings. In addition, it is shown that the basic model can be extended in order to explore the effects of government policy on crop composition, nutritional status, health, saving, and investment and to provide a more comprehensive analysis of the effects on budget revenues and foreign exchange earnings. Methodological topics, primarily the data requirements of the basic model and its extensions, along with aggregation, market interaction, uncertainty, and market imperfections are discussed. The most important methodological issues - the question of the recursive property of these models - is also discussed.
Handbook Of Income Distribution
DOWNLOAD
Author : Anthony B. Atkinson
language : en
Publisher: Elsevier
Release Date : 2014-12-30
Handbook Of Income Distribution written by Anthony B. Atkinson and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-30 with Social Science categories.
What new theories, evidence, explanations, and policies have shaped our studies of income distribution in the 21st century? Editors Tony Atkinson and Francois Bourguignon assemble the expertise of leading authorities in this survey of substantive issues. In two volumes they address subjects that were not covered in Volume 1 (2000), such as education, health and experimental economics; and subjects that were covered but where there have been substantial new developments, such as the historical study of income inequality and globalization. Some chapters discuss future growth areas, such as inheritance, the links between inequality and macro-economics and finance, and the distributional implications of climate change. They also update empirical advances and major changes in the policy environment. The volumes define and organize key areas of income distribution studies Contributors focus on identifying newly developing questions and opportunities for future research The authoritative articles emphasize the ways that income mobility and inequality studies have recently gained greater political significance
Intra Industry Trade
DOWNLOAD
Author : Peter John Lloyd
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003
Intra Industry Trade written by Peter John Lloyd and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
This authoritative new collection presents a selection of previously published seminal articles that have led to the development of intra-industry trade theory and empirical research. Parts I and II cover the pioneering research in the 1960s and a number of models of intra-industry trade that were developed from 1979 to the present day. Parts III and IV look at the empirical research problems in the choice of measure of intra-industry trade and empirical studies that seek to identify the nature of this trade. Part V deals with the role of the multinational corporation and part VI completes the collection with articles that look at extensions to asset markets and applications to other problems such as the geography of trade and rules of origin. Intra-Industry Trade will be an invaluable source of reference to all international trade economists and libraries specialising in this area.
Handbook Of Macroeconomics
DOWNLOAD
Author : John B. Taylor
language : en
Publisher: Elsevier
Release Date : 2016-12-01
Handbook Of Macroeconomics written by John B. Taylor and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-01 with Business & Economics categories.
Handbook of Macroeconomics surveys all major advances in macroeconomic scholarship since the publication of Volume 1 (1999), carefully distinguishing between empirical, theoretical, methodological, and policy issues. It courageously examines why existing models failed during the financial crisis, and also addresses well-deserved criticism head on. With contributions from the world's chief macroeconomists, its reevaluation of macroeconomic scholarship and speculation on its future constitute an investment worth making. Serves a double role as a textbook for macroeconomics courses and as a gateway for students to the latest research Acts as a one-of-a-kind resource as no major collections of macroeconomic essays have been published in the last decade
Designing A Simple Loss Function For Central Banks
DOWNLOAD
Author : Davide Debortoli
language : en
Publisher: International Monetary Fund
Release Date : 2017-07-21
Designing A Simple Loss Function For Central Banks written by Davide Debortoli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-21 with Business & Economics categories.
Yes, it makes a lot of sense. This paper studies how to design simple loss functions for central banks, as parsimonious approximations to social welfare. We show, both analytically and quantitatively, that simple loss functions should feature a high weight on measures of economic activity, sometimes even larger than the weight on inflation. Two main factors drive our result. First, stabilizing economic activity also stabilizes other welfare relevant variables. Second, the estimated model features mitigated inflation distortions due to a low elasticity of substitution between monopolistic goods and a low interest rate sensitivity of demand. The result holds up in the presence of measurement errors, with large shocks that generate a trade-off between stabilizing inflation and resource utilization, and also when ensuring a low probability of hitting the zero lower bound on interest rates.