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Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor
Reconciling Cyclical Movements Marginal Value Time and the Marginal Product Labor
2015/7/20
Recessions appear to be times when the marginal rate of substitution between goods and workers’ time falls below the marginal product of labor. If so, the allocation of workers’ time is inefficient. I...
Value of Time: Speeding Behavior and Gasoline Prices
value of time speeding gasoline price
2012/10/23
Do drivers reduce speeds when gasoline prices are high? Previous research investigating this energy conservation hypothesis produced mixed results. We take a fresh look at the data and estimate a sign...
Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life
willingness to pay willingness to accept value of statistical life VSL CFOI panel data PSID
2012/10/22
Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estima...
Use of Time and Value of Unpaid Family Care Work: A Comparison between Italy and Poland
unpaid work time use child care care of the elderly adult care Poland Italy satellite accounts
2012/10/26
This study provides a comparison of the size and value of unpaid family care work in two European member States, Italy and Poland. Using the Italian and Polish time use surveys, both the opportunity c...
The Value of Business Networks in Emerging Economies: An Analysis of Firms' External Financing Opportunities
business networks agency costs external firm financing bank loans transition economies endogeneity
2012/10/30
The paper argues that networked firms are likely to have an advantage in securing external finance in countries with weak legal and judicial institutions since it helps financial institutions to minim...
We present estimates of the effect of legal immigration status on earnings of undocumented workers. Our contribution to the literature centers on a two-step procedure that allows us to first estimate ...
Beyond GDP and Back: What is the Value-Added by Additional Components of Welfare Measurement?
Stiglitz Commission Stiglitz Report Beyond GDP welfare measurement life satisfaction
2012/11/1
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material w...
Maximum Score Estimates of the Determinants of Residential Mobility: Implications for the Value of Residential Attachment and Neighborhood Amenities
Maximum Score Residential Mobility Residential Attachment Neighborhood Amenities
2009/11/5
This paper examines the determinants of the decision of low-income renters to move out of their current dwelling. Maximum score estimation is shown t be superior to ordinary discrete choice estimation...
This article presents estimates for regional gross value added at current basic prices published in December 2007. These data are published using the European Union Nomenclature of Units for Territori...
Regional gross value added
Regional gross value
2009/11/3
This article presents estimates for regional gross value added at current basic prices published in December 2008. These data are published using the European Union Nomenclature of Units for Territori...
Comparison with the Actual Measurement and Calculated Value of a Food Composition Which Are Included in Takeout Lunch—It Is about 17 Nutrients except Vitamins—
takeout lunch food composition nutrients dietary reference intakes for Japanese 2005 the fifth increased and revised food composition table
2009/8/26
The labeled and measured nutritional information were compared for takeout lunches. Although nutrition information is displayed on takeout lunches, it involves calculated values in many cases. The cal...
The employment-population ratio：its value in labor force analysis
employment-population ratio labor force analysis
2009/6/24
The employment-population ratio：its value in labor force analysis。
The comparative value of public and private pensions
private pensions comparative value public pensions
2009/5/13
State and local governments generally provide more generous pensions than does private industry; part of the disparity can be explained by the greater likelihood of public sector workers to contribute...
Employer-provided benefits：employer cost versus employee value
employer cost employee value
2009/5/12
Cash-equivalent value is one approach to measuring employees' value of noncash benefits. More data and research are needed, however, to resolve complex methodological issues regarding this approach. ...
Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration rates in spite of huge wage differences. This paper presents the theory in a sim...