Download or read book Three Essays on the Economics of Time Use written by Jean Lim and published by . This book was released on 2009 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have rejected the popular view that time use is primarily influenced by local customs and law, and instead argue that it is determined by optimal choices of economic agents and the market mechanism. However the analysis of time allocation has been focused on the labor-leisure choice problem which posits a worker who wants more leisure because of his preference for leisure over work. Thus going beyond the standard model, these essays add to the theory of the economics of time use. First I examine why married men earn more. I explore the possibility that differences in household work by marital status can explain the observed male marital wages advantage. Depending on the type and timing of household work, I segregate it into flexible and inflexible household work, using the American Time Use Survey. Empirical results provide strong support for the productivity difference between married and never married men. Household work has significant negative and differential effects on wages. The effects are not only driven by total time spent on household work, but also by types and timing of household work. The result shows that inflexible household work has a stronger negative effect on wages than flexible household work. Second I study how taxes affect time and goods allocation in home production. I claim that an increase in sales taxes encourages households to substitute away from the market goods input in favor of untaxed non-market time input. I explore the substitution response by relating household market purchases and time use. The theory part shows that the size of elasticity of substitution between market goods input and time input is crucial for understanding the government's optimal tax policy. Then I show that it is optimal to impose lower taxes on goods used in the production of commodities with a higher elasticity of substitution. In the empirical part, I estimate sizes of elasticities of substitution of goods for time with the combined survey of Mexican household consumption expenditures and time allocation for 2002. I find that the elasticity of substitution for 'Eating' is lowest. Finally wage compensation for climate is examined. Using the Merged Outgoing Rotation Group File from 2002 to 2007, I find that the North-South wage differential in construction and extraction occupations is much higher than in any other occupations. I claim that this is because weather affects wage determination. If individuals are to locate in both desirable and undesirable locations, undesirable locations must offer higher wages. Using the O*NET database, I obtain information on how often an occupation requires exposure to weather conditions. Estimation results of the wage equation show that wage compensation for living in bad weather amounts to 11.9 percent of hourly wages evaluated at sample means. The difference in wage compensation for working in bad weather between the most exposed (outdoorness index = 5) and least exposed (outdoorness index = 0) occupations is estimated to be 9.6 percent of hourly wages evaluated at sample means. In addition, I find that the occupational injury risk is related to weather conditions in the case of construction and extraction occupations.

Download or read book Three Essays in Time Series and Personnel Economics written by Razvan Constantin Pascalau and published by . This book was released on 2008 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Time Preference in Health Economics written by Philipp Maximilian Alexander Hübler and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Marx s Value Theory written by Samir Amin and published by NYU Press. This book was released on 2013-10 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.

Download or read book Three Essays in Labor Economics and Public Finance written by Carolina Rodríguez-Zamora and published by . This book was released on 2009 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays. The first one brings together the areas of public and labor economics by developing a hypothesis that relates optimal taxation and time use. Using Mexican data on household time use and consumption, we find significant substitution between goods and time in home production and different elasticities of substitution for different house-hold commodities. Adding these findings to the optimal tax problem, we show it is optimal to impose higher taxes on market goods used in the production of commodities with a lower elasticity of substitution between goods and time. This is an analog of the classical Corlett and Hague (1953) result, differing in that we allow for the possibility of substitution between goods and time in the production of commodities. The second chapter is about international migration, in the area of labor economics. On one hand, surveillance of the border between Mexico and the United States by the U.S. government has increased dramatically over the last two decades. On the other hand, undocumented Mexican migrants often make multiple trips between the two countries. Thus, my hypothesis is that these migrants respond to heightened surveillance by increasing the length of stay of the current trip. I estimate a semi-parametric hazard model following Meyer (1990). Using data from the Mexican Migration Project I find no evidence that border enforcement affects the hazard of leaving the U.S. by undocumented Mexican Immigrants. The last essay is about mother's time and children related expenditures. Using data from the Mexican Time Use Survey and the National Household Survey of Income and Expenditure from 2002, I examine the time Mexican mothers dedicate to taking care of their children and the amount of money spent by the household in raising children. The main contribution of this paper is that it analyzes child care time use and child care expenditures simultaneously. The age of the youngest child is the most important determinant of both child care time and money expenditures. It is the case that more educated mothers spend more money on their children. With respect to child care time use, more educated mothers spend more or less time with their children depending on whether they are working or non-working mothers. At all levels of non-mother's income, working mothers spend significantly more money relative to time in child care than non-working mothers. For both groups the ratio of money over time increases at a decreasing rate; however, for non-working mothers the income expansion path is much flatter.

Download or read book Three Essays on Time to build written by Petya Koeva and published by . This book was released on 2000 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in the Econometrics of Time Series written by Chung-Hua Shen and published by . This book was released on 1991 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in Labor Economics written by Shintaro Yamaguchi and published by . This book was released on 2006 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Productivity RLE Business Cycles written by Mark J. Lasky and published by Routledge. This book was released on 2015-03-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Download or read book On the Employment of Time written by Robert Bolton and published by . This book was released on 1754 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Theory of Money and Financial Institutions written by Martin Shubik and published by MIT Press. This book was released on 1999 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Download or read book Three Essays in Public Economics written by Hau Chyi and published by . This book was released on 2007 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in the Economics of Education written by Ben Safety Ost and published by . This book was released on 2011 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a compilation of three essays. The first essay uses longitudinal administrative data on teachers to investigate the relative productivity benefits of acquiring general versus task-specific human capital. Within a school, elementary teachers frequently change grade assignments and I exploit the resulting variation in grade-specific tenure to separately identify the effect of general teaching experience and specific experience. Using a value-added model that controls for teacher fixed effects, I find that both general experience and grade-specific experience improve teacher performance. In addition to providing evidence that the productivity returns to human capital can be sensitive to seemingly small changes in task requirements, this study furthers our understanding of how teachers improve with experience. The second essay uses longitudinal administrative data from a large selective research university to analyze the role of peers and grades in determining major persistence in the life and physical sciences. In the physical sciences, analyses using within-course, across-time variation show that ex-ante measures of peer quality in a student's introductory courses has a lasting impact on the probability of persisting in the major. This peer effect exhibits important non-linearities such that weak students benefit from exposure to stronger peers while strong students are not dragged down by weaker peers. In both the physical and life sciences, I find evidence that students are "pulled away" by their high grades in non-science courses and "pushed out" by their low grades in their major field. The final essay examines the effect of undergraduate course letter grades on future course selection and major choice. Using a Regression-Discontinuity design, I exploit the fact that the probability of earning a particular letter grade jumps discontinuously around letter grade cutoffs. This variation in letter grades allows me to isolate the impact of letter grades on major choice and course selection. I collect original numerical scores for 65 introductory courses across 6 fields and merge this with administrative data including student-level characteristics and transcripts. Since grading cutoffs exist throughout the distribution of scores, I am able to estimate local treatment effects at a variety of localities to examine the distribution of treatment effects. Contrary to the findings of the previous literature, I find no evidence that students respond to their letter grades in terms of course or major choices.

Download or read book Three Essays on Style written by Erwin Panofsky and published by MIT Press. This book was released on 1995 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: with a memoir by William S. Heckscher Erwin Panofsky (1892-1968) was one of the preeminent art historians of the twentieth century. A new translation of his seminal work, Perspective as Symbolic Form, was recently published by Zone Books; now three remarkable essays, one previously unpublished, place Panofsky's genius in a different perspective: What Is Baroque?, Style and Medium in the Motion Pictures,andThe Ideological Antecedents of the Rolls-Royce Radiator. The essays are framed by an introduction by Irving Lavin, Panofsky's successor as Professor of Art History at the Institute for Advanced Study in Princeton, discussing the context of the essays' composition and their significance within Panofsky's oeuvre, and an insightful memoir by Panofsky's former student, close friend, and fellow emigr & e ́, William Heckscher. All three essays reveal unexpected aspects of Panofsky's sensibility, both personal and intellectual. Originally written as lectures for general audiences, they are composed in a lively, informal manner, and are full of charm and wit. The studies concern broadly defined problems of style in art--the visual symptoms endemic to works of a certain period (Baroque), medium (film), or national identity (England)--as opposed to the focus on iconography and subject matter usually associated with Panofsky's "method." The essay on Baroque, which Lavin considers "vintage Panofsky" and which appears here for the first time, and the one on film were written in 1934. The Rolls-Royce piece was written in 1962.

Download or read book Three Essays in Applied Labor and Resource Economics written by Esther Washburn Mezey and published by . This book was released on 2013 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation includes three essays: Spatio-temporal analysis of labor turnover statistics develops regularized dynamic spatio-temporal methods for selecting the sparse set of geographic, industrial, and demographic local-area job separation rates that best predict future rates in a given area using the public use Quarterly Workforce Indicators (QWI) made available by the U.S. Census Bureau's Longitudinal Employer-Household Dynamics (LEHD) program; it is the first paper to quantify the extent to which geographic, industrial, and demographic networks explain the dispersion of local-area labor market statistics through space and time. Detecting and Repairing Data Errors in the Public Use Quarterly Workforce Indicator Data develops methods for detecting and repairing missing or erroneous observations in the QWI data. Real Options in Resource Economics reviews the application of options valuation techniques from finance to capital budgeting decisions affecting real investments (real options) in the existing literature in forestry, fishery, water, and nonrenewable resources.

Download or read book It s about Time written by Marie Connolly and published by . This book was released on 2007 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on the Economics of Health and Well Being written by Paul J. Spin and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation offers three vignettes on the determinants of health and well-being over the life course. The first essay uses multiple Canadian census files to document the longterm effects of potential in utero exposure to the 1918 flu pandemic on educational attainment. This study finds that those who were in utero during the peak of the pandemic, particularly in their first or second trimesters, experienced long-term deficits in their educational attainment. The second study explores the potential impact of spousal institutionalization in nursing homes/residential care facilities on elderly financial security. It shows that the absence of fully funded universal long-term care insurance (like Canadian medicare) places married seniors at risk of significant losses in their material standards of living and low income status. The third paper examines the impact of online communication and social media use on subjective well-being (SWB). In one empirical approach, I find that those who communicate online or use social media report lower levels of SWB. This is especially true for older adults and social media. In a separate quasi-experimental analysis that exploits variation in access to and use of social media by time, age group, and access to personal computers, I find that social media may be responsible for increased political engagement and social trust.