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households' opportunity cost of time. Using the estimated cost of time and time use data, we estimate a high elasticity of … substitution between market expenditure and time spent on non-market work. We find that households smooth a sizable fraction of … consumption by varying their time allocation during recessions …
Persistent link: https://www.econbiz.de/10012457349
This paper examines the response of consumption expenditures to the monthly receipt of Social Security checks. Since the amount and arrival date of these checks are known to the recipients, the basic Life-Cycle/Permanent Income Hypothesis (LCPIH) predicts that consumption should not respond to...
Persistent link: https://www.econbiz.de/10012469576
In many developed countries, children now begin their formal schooling at an older age. However, a growing body of empirical studies provides little evidence that such schooling delays improve educational and economic outcomes. This study presents new evidence on whether school starting age...
Persistent link: https://www.econbiz.de/10012457059
Based on administrative data for five cohorts of public school children in North Carolina, we demonstrate that those born just after the cut date for starting school are likely to outperform those born just before in reading and math in middle school, and are less likely to be involved in...
Persistent link: https://www.econbiz.de/10012459871
In public sector procurement, social welfare often depends on the time taken to complete the contract. A leading … departments have introduced innovative contracting methods based on scoring auctions that give contractors explicit time …
Persistent link: https://www.econbiz.de/10012463793
In many education and work environments, economic agents must perform several mental tasks in a short period of time … tasks are scheduled close together. In this paper, we identify the impact of time between cognitive tasks on performance in … shorter amount of time between exams is associated with lower scores, particularly on the second exam. Our estimates suggest …
Persistent link: https://www.econbiz.de/10012460224
across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs …
Persistent link: https://www.econbiz.de/10012458258
We use population administrative data from Sweden to study adherence to 63 medication-related guidelines. We compare …
Persistent link: https://www.econbiz.de/10012660034
sectoral reallocation avoids more than 2/3 of the decline in aggregate output and consumption, and at the same time induces a … implies case fatality rates below 0.2 percent and a limit of less than 800 deaths per million for Sweden. We also characterize …
Persistent link: https://www.econbiz.de/10012482004
service provider in Sweden to explore the economics facing such agents by conducting a natural field experiment over a 32 …
Persistent link: https://www.econbiz.de/10015056163