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This paper analyzes the life-cycle career costs associated with child rearing and decomposes their effects into unearned wages (as women drop out of the labor market), loss of human capital, and selection into more child-friendly occupations. We estimate a dynamic life-cycle model of fertility,...
Persistent link: https://www.econbiz.de/10009523509
In this paper I introduce the Absolute Roll Measure derived using imaginary numbers to address the confounding presence of positive autocovariance in [Roll(1984)]. I conduct an empirical implementation for Aaa and Baa corporate bond spreads over the period 1986-2020 with four bid-ask models. The...
Persistent link: https://www.econbiz.de/10014361580
Households’ and firms’ subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households’ and firms’...
Persistent link: https://www.econbiz.de/10014084157
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10014030510
by the currently available measurement instruments. Scholars of culture must regularly choose between scalable but sparse … can advance the study of human culture by providing quantitative, scalable, and high-resolution measurement of … calculated from this measurement instrument correspond to traditional survey-based and objective measures of cross …
Persistent link: https://www.econbiz.de/10012822454
by the currently available measurement instruments. Scholars of culture must regularly choose between scalable but sparse … can advance the study of human culture by providing quantitative, scalable, and high-resolution measurement of … calculated from this measurement instrument correspond to traditional survey-based and objective measures of cross …
Persistent link: https://www.econbiz.de/10012823578
Households’ and firms’ subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households’ and firms’...
Persistent link: https://www.econbiz.de/10013297216
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013210074
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
We discuss a wide range of measures of social heterogeneity, both theoretically and empirically. In our framework, individuals who differ from each other either in terms of their identity traits or of their cultural values experience antagonism toward each other. Depending on the type of...
Persistent link: https://www.econbiz.de/10015421844