We produce a model with pre-marital schooling investment, endogenuos marital matching and spousal specialization in homework and market production. Schooling investments generate two kinds of returns in our framework: a labor-market return due to the education premium and a marriage-market...

This paper analyzes the impact of health and survival uncertainty on the saving and consumption decisions of retirees. A dynamic programming approach is used to model the household's planning problem. The utility parameters are estimated using panel data. The authors find that a fall into poor...

Why do people work intermittently and why do they synchronize their work schedules? A group of interacting workers who differ in tastes is analyzed. A lifetime labor supply model is developed which combines tiring, rhythmic changes in the environment, and interactions among workers arising from...

The survey presents basic facts on wage growth and summarizes the main ideas on the possible sources of this growth. We document that wage growth happens mainly early in the life cycle and is then associated with increasing labor force participation and high job mobility. Wage growth during the...

In this paper we discuss forms of migration that are non-permanent. We focus on temporary migrations where the decision to return is taken by the immigrant. These migrations are likely to be frequent, and we provide some evidence for the UK. We then develop a simple model which rationalizes the...

What are the real effects of inflation? These collected articles constitute what is perhaps the definitive study of pricing models under inflation, providing a solid basis for further research on this elusive question. Covering a broad range of theory and applications by well-known...