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Persistent link: https://www.econbiz.de/10011119886
This paper examines the fertility transition through a new lens: the extensive margin. Parents with high levels of … the extensive margin, the quantity-quality trade-off cannot operate. At low levels of fertility, we expect quality and … reductions in fertility among women with high fertility levels, while at the same time inducing higher levels of fertility among …
Persistent link: https://www.econbiz.de/10009366969
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"This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased...
Persistent link: https://www.econbiz.de/10001952270
Virtually all developed countries face projected budget shortfalls for their public pension programs. The shortfalls arise for two reasons. First, populations in developed countries are aging rapidly. Second, until recently older individuals in developed countries have been retiring earlier....
Persistent link: https://www.econbiz.de/10008740004
This paper estimates the effect of the Disability Insurance program on labor supply. We find that 30% of denied applicants and 15% of allowed applicants work several years after a disability determination decision. The earnings elasticity with respect to the after tax wage is 0.8. However, the...
Persistent link: https://www.econbiz.de/10008636082
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In this paper I evaluate to what extent a real business cycle (RBC) model that incorporates search and leisure decisions can simultaneously account for the observed behavior of employment, unemployment and out-of-the-labor-force. This contrasts with the previous RBC literature, which analyzed...
Persistent link: https://www.econbiz.de/10005419891
This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased...
Persistent link: https://www.econbiz.de/10005420002