| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6499 |
| DP6499 Per un Pugno di Dollari: A first Look at the Price Elasticity of Patents | |
| Bruno van Pottelsberghe de la Potterie; Gaétan de Rassenfosse | |
| 发表日期 | 2007-09-28 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Married women's labour force participation has increased dramatically over the last century. Why this has occurred has been the subject of much debate. This paper investigates the role of culture as learning in this change. To do so, it develops a dynamic model of culture in which individuals hold heterogeneous beliefs regarding the relative long-run payoffs for women who work in the market versus the home. These beliefs evolve rationally via an intergenerational learning process. Women are assumed to learn about the long-term payoffs of working by observing (noisy) private and public signals. They then make a work decision. This process generically generates an S-shaped figure for female labour force participation, which is what is found in the data. The S shape results from the dynamics of learning. I calibrate the model to several key statistics and show that it does a good job in replicating the quantitative evolution of female LFP in the US over the last 120 years. The model highlights a new dynamic role for changes in wages via their effect on intergenerational learning. The calibration shows that this role was quantitatively important in several decades. |
| 主题 | International Macroeconomics ; Labour Economics ; Public Economics |
| 关键词 | Cultural transmission Female labour force participation Learning Preference formation S shape |
| URL | https://cepr.org/publications/dp6499 |
| 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/535338 |
| 推荐引用方式 GB/T 7714 | Bruno van Pottelsberghe de la Potterie,Gaétan de Rassenfosse. DP6499 Per un Pugno di Dollari: A first Look at the Price Elasticity of Patents. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
