The authors develop a model of the work-leisure choice that incorporates household production, and then devise an econometric model that addresses simultaneously the issue of sample censoring and the joint determination of nonmarket returns and nonmarket time. The maximum likelihood estimates of...

During the 1980s, mortgage markets have not been subject to rationing in the United Kingdom, in contrast to most of the postwar period. This change has important implications for the demand for housing and the level of house prices. In this paper, the author constructs a model of house prices...

In this paper, the authors derive and estimate optimal dynamic interrelated labor demand curves for Dutch manufacturing blue and white collar labor. The driving forces of the labor demand model are the predetermined capital stock and the real wage costs of the two types of labor. Interrelation...

The authors provide at least a partial reconciliation of industry and individual level examinations of the influence of concentration on wages. They find that neither aggregation per se nor use of different wage measures accounts for the general failure of industry level studies to confirm a...

Using data on physical output per worker for twenty-three industries, it is shown that contrary to popular belief, German industry had not forged ahead of Britain by the 1930s. The pattern of Britain's comparative advantage is reflected in the fact that, although German productivity was...

This paper makes the point that the choice of solution technique for nonlinear equation systems is a matter of trading the potentially smaller number of steps to convergence of formal Newton methods against the substantially smaller computational burden per step offered by simple first-order...

This paper gives a systematic application of maximum likelihood inference concerning cointegration vectors in non-stationary vector valued autoregressive time series models with Gaussian errors, where the model includes a constant term and seasonal dummies. The hypothesis of cointegration is...

We estimate a competing risks model to explain job type specific re-employment probabilities. Job characteristics are distinguished by type of labor contract, commuting time, job level, and working hours. Not accounting for job characteristics may lead to a spurious duration dependence effect....