Alesina, Alberto; Ichino, Andrea; Karabarbounis, Loukas - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Samuelson (1956) and Becker (1974), treats
the household as a single decision making unit. Although this approach is
closely … labor supply
and the training decision functions (see the Appendix to Section 3.1 for
details)
L
j
=(s(1−t
j
))
2
a
j
−2
=(s …-consumption margin and the decision to invest in training,
so that both the labor supply and the labor demand curve shift. The final …