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This paper describes trends in average weekly hours of market work per person and per family in the United States between 1950 and 2005. We disaggregate married couple households by skill level to determine if there is a pattern in the hours of work by wives and husbands conditional on either...
Persistent link: https://www.econbiz.de/10004993833
This article describes changes in the number of average weekly hours of market work per person in the United States since World War II. Overall, this number has been roughly constant; for various groups, however, it has shifted dramatically - from males to females, from older people to younger...
Persistent link: https://www.econbiz.de/10005360865
Changes in hours worked since 1950; This article describes changes in the number of average weekly hours of market work per person in the United States since World War II. Overall, this number has been roughly constant; for various groups, however, it has shifted dramatically from males to females,...
Persistent link: https://www.econbiz.de/10005360944
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Persistent link: https://www.econbiz.de/10003580099
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We estimate a dynamic general equilibrium model of the U.S. economy that includes an explicit household production sector and stochastic fiscal variables. We use our estimates to investigate two issues. First, we analyze how well the model accounts for aggregate fluctuations. We find that...
Persistent link: https://www.econbiz.de/10005498537
The paper documents how cyclical fluctuations in market work vary over the life cycle and then assesses the predictions of a life-cycle version of the growth model for those observations. The analysis yields a simple but striking finding. The main discrepancy between the model and that data lies...
Persistent link: https://www.econbiz.de/10005729013
We estimate a dynamic general equilibrium model of the U.S. economy that includes an explicit household production sector. We use these estimates to investigate two issues. First, we analyze how well the model accounts for aggregate fluctuations. Second, we use the model to study the effects of...
Persistent link: https://www.econbiz.de/10005712326
The authors introduce home production into the neoclassical growth model and examine its consequences for development economics. They focus on how well differences in policies that distort capital accumulation explain international income differences. In models with home production, such...
Persistent link: https://www.econbiz.de/10005360712