Showing 1 - 10 of 11
The paper discusses Zvi Griliches' contribution to the estimation of the earning function. The topic was the central theme of Griliches' research agenda during the 70s. Griliches played a major role in the ability- schooling controversy of the time. He was instrumental in repelling the attack of...
Persistent link: https://www.econbiz.de/10013219205
The economics of information have been established by now as an integral part of economic analysis. However, surprisingly little has been written on the implications of search (and in particular, job search) for the estimation of the wage function and its ramifications in such cases as the...
Persistent link: https://www.econbiz.de/10013219334
In contrast to past studies which have focused on the labor inputs going into home production (Sirageldin, 1969; Walker and Gauger, 1973), the emphasis in this paper is on the measurement of productivity and total home output. The questions I try to answer are: What are the factors determining the...
Persistent link: https://www.econbiz.de/10013225969
We take U.S. and Israeli household data on expenditures of time and goods, generate an exhaustive set of commodities that households produce/consume using them, and calculate their relative goods intensities. Leisure activities are uniformly relatively time intensive, health, travel and lodging...
Persistent link: https://www.econbiz.de/10013227868
Product diversity pervades every modern marketplace, and economists have devoted substantial attention to firms' decisions about the supply of variety. This study looks at the consumer's side by discussing the demand for variety. Using the framework of the home-production model, we trace...
Persistent link: https://www.econbiz.de/10013235596
Sex-related wage differentials are almost universal. Economists traditionally tend to attribute a major fraction of the differential to the difference in on-the-job training. This difference is in turn often explained by the lower profitability of this investment for women who plan to interrupt...
Persistent link: https://www.econbiz.de/10013236712
The paper integrates the basic principles of consumption theory and the economics of human resources to generate a powerful method for estimating the distribution of consumption between parents and children. Invoking the assumption of separability between parents' and children's consumption and...
Persistent link: https://www.econbiz.de/10013229145
Recent decades have witnessed a sharp increase in the labor force participation of married women. The paper investigates the effect of wives' earnings on family income distribution. This effect depends on the in-equality of women's earnings as compared with other sources of income, on the...
Persistent link: https://www.econbiz.de/10013230608
The paper analyzes the joint determination of wives' earnings and labor force participation over the life cycle given the interruptions in wives' work careers. The interruptions affect the profitability of the investment in human capital, which in turn determines earnings. The earnings prospects...
Persistent link: https://www.econbiz.de/10013230812
An important part of the literature on regulatory economics is based on the US experience, where a well-established regulator faces a privately owned monopoly. It is sometimes forgotten that this model does not apply in many places where a newly established regulator faces a government owned, or...
Persistent link: https://www.econbiz.de/10012760613