作者：National Bureau of Economic Research
摘要：I use Body Mass Index (BMI) to investigate how the relationship between health status and retirement among older men has changed since 1900. Although BMIs for the elderly were much less healthy in 1900 than today, the BMI level that maximizes labor force participation rates has not changed. However, in 1900 the elasticity of nonparticipation with respect to BMI was greater than it is today, suggesting that health is now less important to the retirement decision than in the past. Other factors ...
作者：Hanes, C
摘要：A modern household's consumption bundle is more finished than that of a typical worker in the past: the average consumption good passes through more stages of production before purchase. This has affected the cyclical behavior of wages relative to the price of the consumption bundle because wages are more procyclical relative to prices of more-finished goods. Nowadays real consumption wages are procyclical. They were less procyclical before the Second World War, and they may have been acyclica...
