| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6399 |
| DP6399 Understanding the Forward Premium Puzzle: A Microstructure Approach | |
| Martin Eichenbaum; Sérgio Rebelo; Craig Burnside | |
| 发表日期 | 2007-07-20 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications for the incentives to work and to acquire professional skills. This model explains the economic origins of culture. It was no accident that the intricate steps of tango emerged in the shabby quarters of Buenos Aires, and that the Royal and Ancient Golf Club in St Andrews was the initiative of 22 noble and gentlemen of Fife. |
| 主题 | Industrial Organization ; Labour Economics |
| 关键词 | Leisure Culture Education Hobbies Human capital Welfare |
| URL | https://cepr.org/publications/dp6399 |
| 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/535238 |
| 推荐引用方式 GB/T 7714 | Martin Eichenbaum,Sérgio Rebelo,Craig Burnside. DP6399 Understanding the Forward Premium Puzzle: A Microstructure Approach. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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