The Allocation Of Time And Goods Over The Life Cycle

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The Allocation Of Time And Goods Over The Life Cycle

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Author : Gilbert R. Ghez
language : en
Publisher:
Release Date : 1975

The Allocation Of Time And Goods Over The Life Cycle written by Gilbert R. Ghez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Consumers categories.

The Allocation Of Time And Goods Over The Life Cycle

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Author : Gilbert R. Ghez
language : en
Publisher: Columbia University Press
Release Date : 1975

The Allocation Of Time And Goods Over The Life Cycle written by Gilbert R. Ghez and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1975 with Business & Economics categories.

There is a belief now that family behavior over the life cycle can be analyzed by economic methods. This study deals with allocation of resources by families over time.

Children Time Allocation And Consumption Insurance

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Author : Richard Blundell
language : en
Publisher:
Release Date : 2017

Children Time Allocation And Consumption Insurance written by Richard Blundell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.

We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate spouses' time to work, leisure, and childcare. In an environment with uncertainty, the allocation of goods and time over the life cycle also serves the purpose of smoothing marginal utility in response to shocks. We combine data on consumption, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to shocks. We find that behavioral responses to wage shocks depend on the presence of young children. We also find that labor supply cross-responses depend on three counteracting forces: complementarity of leisure time, substitutability of time in the production of child services, and added worker effects.

Life Cycle Time Allocation And Saving In An Imperfect Capital Market

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Author : Ray Rees
language : en
Publisher:
Release Date : 2004

Life Cycle Time Allocation And Saving In An Imperfect Capital Market written by Ray Rees and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.

Gender Economics Breakthroughs In Research And Practice

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Author : Management Association, Information Resources
language : en
Publisher: IGI Global
Release Date : 2018-12-07

Gender Economics Breakthroughs In Research And Practice written by Management Association, Information Resources and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-07 with Social Science categories.

Gender Economics challenges current economic theory, targeting the way gender is often used for economic gain or increased market share. Experts realize that company growth can no longer be achieved by taking a conventional approach, but few follow through with introducing new frameworks that change the way diversity is treated. Gender Economics: Breakthroughs in Research and Practice features current research that combines the concepts of gender theory, sociology, and economics observing how diversity influences numerous dimensions of business and consumerism. Covering topics including gender empowerment and also bias, economic equality, industrial creativity, leadership, and the impact of social connectedness on life satisfaction, this publication is an ideal reference source for legislators and policymakers, economic developers, corporate practitioners, educational faculties, academicians, researchers, and graduate-level students of all disciplines.

The Allocation Of Goods And Time Over The Business Cycle

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Author : Jeremy Greenwood
language : en
Publisher:
Release Date : 1990

The Allocation Of Goods And Time Over The Business Cycle written by Jeremy Greenwood and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Households categories.

Time Is Time Was

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Author : Daniel Shaviro
language : en
Publisher:
Release Date : 2023

Time Is Time Was written by Daniel Shaviro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.

What time periods should we use in tax and other fiscal policy to evaluate people's circumstances, and thus to determine either how they are being treated, or how they ought to be? This question is both fundamental and pervasive.Standard economic reasoning offers grounds for entirely basing one's thinking on lifetime models. In particular, the closely related permanent income and life cycle hypotheses support employing a purely lifetime perspective in evaluating people's circumstances and treatment. The resulting model posits that people make decisions on a lifetime basis, seeking to optimize lifetime utility in the face of both (1) period-specific declining marginal utility of consumption, and (2) whatever preferences they happen to have as between consumption in different periods. Accordingly, in the presence of complete markets (including a lack of borrowing constraints), the question of when one earns a given dollar ostensibly makes no difference regarding when one spends it on consumption. And equivalently, when one pays a given dollar of tax will make no difference regarding how much one spends in any period.This model applies the same basic logic as a two-goods model in an Economics 101 casebook (featuring, say, pizza and movies), but in a far more complex setting in which its application is considerably more challenging. Despite its ruthless simplification, it likely has some degree of descriptive accuracy. People surely do make some plans across very long time horizons, such as early-life career choice, and subsequent planning (however imperfect it may be) for retirement.Yet the factors that undermine life cycle view's accuracy and normative relevance are not limited to borrowing constraints. Also of crucial importance are people's tendency to treat different periods as effectively separate, and a number of other constraints that would prevent them (even if so minded) from equalizing the marginal utility of consumption as between periods.In sum, therefore, the life cycle model is not sufficiently descriptively accurate to be treated as more than an important orienting benchmark. Like such other “it doesn't matter” theories as the Coase Theorem, the Efficient Markets Hypothesis, and the Modigliani-Miller Theorem, its value lies more in its showing us where to look for falsifying conditions, than in its actual empirical validity.

Ability And Training Over The Life Cycle

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Author : Mark R. Killingsworth
language : en
Publisher:
Release Date : 1976

Ability And Training Over The Life Cycle written by Mark R. Killingsworth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Employees categories.

Consumption And Time Use Over The Life Cycle

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Author : Michael Dotsey
language : en
Publisher:
Release Date : 2010

Consumption And Time Use Over The Life Cycle written by Michael Dotsey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Consumption (Economics) categories.

The authors incorporate home production in a dynamic general equilibrium model of consumption and saving with illiquid housing and a collateralized borrowing constraint. They show that the model is capable of explaining life-cycle patterns of households' time use and consumption of different categories. Specifically, households' market hours and home hours are fairly stable early in the life cycle. Market hours start to decline sharply at age 50, while home hours begin to increase at age 55. Households' consumption of the market good, home input, and housing services all exhibit hump shapes over the life cycle, with the market good having the most pronounced hump, followed by the home input, and then housing services. A plausibly parameterized version of the authors' model predicts that the interaction of the labor efficiency profile and the availability of home production technology explain households' time use over the life cycle. The resulting income profiles, the endogenous borrowing constraint and the presence of home production account for the initial hump in all three consumption goods. The consumption profiles in the second half of the life cycle are mostly driven by the complementarity of home hours, home input, and housing in home production.

The Behavioral And Social Sciences

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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 1988-02-01

The Behavioral And Social Sciences written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-02-01 with Science categories.

This volume explores the scientific frontiers and leading edges of research across the fields of anthropology, economics, political science, psychology, sociology, history, business, education, geography, law, and psychiatry, as well as the newer, more specialized areas of artificial intelligence, child development, cognitive science, communications, demography, linguistics, and management and decision science. It includes recommendations concerning new resources, facilities, and programs that may be needed over the next several years to ensure rapid progress and provide a high level of returns to basic research.