Author: | Rios-Rull, J-V. |
Title: | Working in the market, working at home, and the acquisition of skills: A general-equilibrium approach. |
Journal: | American Economic Review
1993 : SEP, VOL. 83:4, p. 893-907 |
Index terms: | HOME WORKING LABOUR EQUILIBRIUM ANALYSIS QUALIFICATIONS WORK STRUCTURING WORK STUDY |
Language: | eng |
Abstract: | Over time, productivity and education have increased, while hours worked have not. Cross-sectionally, higher-wage individuals have more schooling, more hours worked in the market, fewer hours worked at home, and a lower variance of market hours. Over the life cycle, older individuals have higher wages, more hours worked both in the market and at home, a lower variance of market hours, and almost the same amount of education as younger agents. These and other facts are documented, and a simple overlapping-generations model with skill acquisition and home production which delivers most of these properties is constructed. |
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