| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6243 |
| DP6243 Optimal Sticky Prices under Rational Inattention | |
| Bartosz Mackowiak; Mirko Wiederholt | |
| 发表日期 | 2007-04-23 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We model educational investment and labour supply in a competitive economy with home and market production. Heterogeneous workers are assumed to have different productivities both at home and in the workplace. Following Rosen (1983), we show that there are private increasing returns to education at the labour market participation margin. We show that these depend directly on the elasticity of labour supply with respect to wages. Thus the increasing returns to education problem will be most relevant for women or other types with large enough home productivity. We estimate a three equation recursive model of working hours, wages and years of schooling, and find empirical support for the main predictions of the model. |
| 主题 | Labour Economics |
| 关键词 | Home production Labour supply Returns to education |
| URL | https://cepr.org/publications/dp6243 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535089 |
| 推荐引用方式 GB/T 7714 | Bartosz Mackowiak,Mirko Wiederholt. DP6243 Optimal Sticky Prices under Rational Inattention. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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