Despite the well-documented increase in the relative wages and expenditures of highly-educated individuals in the U.S. in recent decades, leisure inequality mirrors inequality of wages, i.e. we observe that highly-educated individuals have now relatively less leisure time than lower-educated...

This paper complements conventional economic analysis and presents a social norms interpretation to explain cross-country differences in partnership formation rates, and the dramatic decrease in partnership formation rates in Southern Europe in particular. We argue that increases in female human...

This paper undertakes a comparison exercise to disentangle what drives the opposite findings regarding the effect of house prices on consumption documented in two papers using the same data set for the UK.  On the one hand, Campbell and Cocco (2007) find that old owners are the most benefited...

ABSTRACT The literature on occupational health points to work pressure as a trigger of sickness absence. However, reliable, objective measures of work pressure are in short supply. This paper uses Danish day care teachers as an ideal case for analysing whether work pressure measured by the...

Governments in virtually all developed countries subsidise “guided preparation” for entrepreneurial activity. Despite being so widespread, the evidence that this assistance enhances venture performance remains in dispute, primarily because of a lack of consensus over statistical approaches....

This paper discusses the determinants of the retirement decision and the implications of retirement on economic well-being. The main contribution of the paper is to formulate the role of individual heterogeneity explicitly. We argue that individual heterogeneity in 1) productivity of market work...

Economic theories of the household and the marriage market provide potential explanations for differences in household formation rates over time based in part on the evolution of female wages. However, cross-country differences in female market human capital are unlikely to account for the...

The Congressional Budget Office Long-Term (CBOLT) model uses dynamic micro-simulation to analyze Social Security policy. The version of CBOLT currently being used to analyze policy for the Congress incorporates micro behavioral effects insofar as agents alter their timing of initial claiming of...