Showing 1 - 10 of 1,930
In this paper, I introduce money in the standard labor-matching model (Mortensen and Pissarides 1999, Pissarides 2000). A double coincidence problem makes Fiat Money necessary as a medium of exchange. In the long-run, a rise in the rate of money growth leads to higher inflation and higher...
Persistent link: https://www.econbiz.de/10010267772
We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...
Persistent link: https://www.econbiz.de/10010269651
of inequality are used as treatments. Other determinants of the demand for redistribution, such as risk aversion and …
Persistent link: https://www.econbiz.de/10010261622
This paper presents a life cycle model for the demand for health, and derives empirical specifications that distinguish … between permanent and transitory wage responses. Using panel data, we estimate dynamic health and health input demand …
Persistent link: https://www.econbiz.de/10010262380
treatment of the demand for adoption. We show that the propensity to adopt a child increases in the degree of own altruism …
Persistent link: https://www.econbiz.de/10010283945
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … market. After characterizing the general demand models, it reviews consumer baseline based on which further study the demand …
Persistent link: https://www.econbiz.de/10010284018
This paper takes a new look at the long-run dynamics of inflation and unemployment in response to permanent changes in the growth rate of the money supply. We examine the Phillips curve from the perspective of what we call ?frictional growth?, i.e. the interaction between money growth and...
Persistent link: https://www.econbiz.de/10010276424
factors suggested by Cornelius (1992), namely, economic crisis in Mexico, the changing character of U.S. demand for labor, and …
Persistent link: https://www.econbiz.de/10010262427
Using Census and Current Population Survey data spanning 1959 through 1999, we assess the relative contributions of two factors to the decline in the gender wage gap: changes across cohorts in the relative slopes of men's and women's age-earnings profiles, versus changes in relative earnings...
Persistent link: https://www.econbiz.de/10010267640
This comparative study of the relationship between family economic background and adult outcomes in the United States and Canada addresses three questions. First, is there something to explain? We suggest that the existing literature finds that there are significant differences in the degree of...
Persistent link: https://www.econbiz.de/10010269450