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作者：Flinn, Christopher; Mullins, Joseph
作者单位：New York University; Collegio Carlo Alberto
摘要：We generalize a search, matching, and bargaining model to allow individuals to acquire productivity-enhancing schooling prior to labor market entry. In general, search frictions and weakness in bargaining position contribute to underinvestment in schooling from an efficiency perspective. Using estimates of a general equilibrium version of the model in which firm vacancy creation decisions are included, we find that minimum wages and schooling subsidies improve aggregate welfare, but have very ...
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作者：Joubert, Clement
作者单位：University of North Carolina; University of North Carolina Chapel Hill
摘要：This article investigates the fiscal and welfare trade-offs involved in designing a pension system when workers can avoid contributing by working informally. Using a life-cycle model of labor supply and saving decisions, I structurally estimate preferences and earnings opportunities in the formal and informal sectors using data on Chilean households. I find limited support for formal jobs rationing. Instead, mandatory pension contributions significantly encourage informality. Policy experiment...
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作者：Armantier, Olivier; de Bruin, Waendi Bruine; Topa, Giorgio; van der Klaauw, Wilbert; Zafar, Basit
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; University of Leeds; Carnegie Mellon University
摘要：We compare the inflation expectations reported by consumers in a survey with their behavior in a financially incentivized investment experiment. The survey is found to be informative in the sense that the beliefs reported by the respondents are correlated with their choices in the experiment. More importantly, we find evidence that most respondents act on their inflation expectations showing patterns consistent with economic theory. Respondents whose behavior cannot be rationalized tend to hav...
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作者：Dean, David; Pepper, John; Schmidt, Robert; Stern, Steven
作者单位：University of Richmond; University of Virginia
摘要：This article utilizes administrative data to examine both short- and long-term employment impacts for people with cognitive impairments who applied for vocational rehabilitation services in Virginia in 2000. These data provide long-term quarterly information on services and employment outcomes. We model behavior, allow for multiple service choices, use long-run labor market data, and use valid instruments. Results imply that services generally have positive long-run labor market outcome effect...
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作者：Sauer, Robert M.
作者单位：University of London; Royal Holloway University London
摘要：This article estimates the economic and noneconomic returns to volunteering for prime-aged women. Estimates of a DCDP model indicate that an extra year of volunteer experience increases wage offers by 8.5% in future part-time work and by 2.6% in future full-time work. On average, working for free increases lifetime earnings by 16.7%. The economic returns to volunteering are more important than the noneconomic returns in increasing lifetime utility. The model also reveals an adverse selection m...
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作者：Tartari, Melissa
作者单位：University of Chicago
摘要：Children of divorced parents exhibit lower test scores and educational attainment. Have these correlations a causal interpretation? Parents who divorce may be less likely to invest in their children while together or they may divorce to shield their children from the effects of marital conflict. I study the relationship between children's achievement and the marital status of their parents within a dynamic framework in which partners decide on whether to remain married, how to interact (with o...
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作者：Eckstein, Zvi; Lifshitz, Osnat
作者单位：Reichman University; Academic College of Tel Aviv Yaffo
摘要：Are changing social norms affecting the employment rates of women? A model is built in which the employment of husbands and wives is the outcome of potentially exogenously determined three different types of household games: the Classical household, where the spouses play a Stackelberg leader game in which the wife's labor supply decision is based on her husband's employment outcome; the Modern household, which is characterized by a symmetric and simultaneous game solved as a Nash equilibrium,...
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作者：Fang, Hanming; Wang, Yang
作者单位：University of Pennsylvania; Lafayette College
摘要：We extend the semiparametric estimation method for dynamic discrete choice models using Hotz and Miller's (Review of Economic Studies 60 (1993), 497-529) conditional choice probability approach to the setting where individuals may have hyperbolic discounting time preferences and may be naive about their time inconsistency. We illustrate the proposed identification and estimation method with an empirical application of adult women's decisions to undertake mammography to evaluate the importance ...
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作者：Keane, Michael P.
作者单位：University of Oxford; University of New South Wales Sydney
摘要：I examine effects of labor income taxation in life-cycle models with human capital accumulation. In this case, the opportunity cost of time equals the wage plus returns to work experience. This has several interesting consequences: First, the data appear consistent with larger labor supply elasticities than prior work suggests. Second, contrary to conventional wisdom, permanent tax changes can have larger effects on current labor supply than temporary changes. Third, human capital dampens resp...
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作者：Pastorino, Elena
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
摘要：This article proposes a matching model of the labor market in the presence of uncertainty and learning about ability that provides a simple unified framework for analyzing the dynamics of jobs and wages within firms and in the labor market. The model allows for different degrees of generality of ability as well as speeds of learning across jobs and firms. Equilibrium assignments and wages are consistent with a broad range of empirical findings on careers, suggest a novel interpretation for wel...
