MACROECONOMICS. Matthias Doepke. University of Chicago. Andreas Lehnert. Board of Governors of the. Federal. Much of macroeconomics is concerned with the allocation of physical capital, human Doepke and Kindermann, w Bargaining over Babies: Theory. Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren – free book at E-Books Directory. You can download the book or read it online.
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Standard monetary business cycle models can account for the initial effects of monetary shocks, but have difficulty generating persistence.
If financial markets are imperfect, this results in the stratification of society along occupational lines. Journal of Population Economics 18 2, June An opinion piece by Pamela Druckerman on nytimes. A discussion of the paper on nytimes. Inhe was awarded an Alfred P.
An earlier version of doepkf paper circulated under the title: Is development the cause of expanding women’s rights, macreoconomics conversely, do women’s rights facilitate development? In this paper, we rationalize these trends in a model of joint household labor supply. Hence, international labor standards and product boycotts may delay the ultimate eradication of child labor.
Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren
The results suggest that taking into account joint household decision making is essential for understanding the dynamics of labor supply. In this paper, we investigate men’s incentives for sharing power with women. The empirical literature on monetary policy shocks documents that contractionary shocks are followed by a persistent rise in macroeconomicd rates and a persistent fall in output.
Firms and workers also invest in relationship-specific capital in a calm economic environment where match-specific shocks are small.
Annual Review of EconomicsJuly Another key feature of the economy is that the business sector accumulates retained earnings and credits profits to the consumers only with a delay. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one.
Why Johnny Can’t Work A static version of the model that illustrates the main ideas in a simplified framework useful for teaching purposes.
Prof. Matthias Doepke, The Family in Macroeconomics
Trends in Work and Leisure: Middle-class families in occupations that require effort, skill, and experience develop patience and work ethic, whereas upper-class families relying on rental income cultivate a refined taste for leisure. We develop a positive theory of the adoption of child labor laws. In these notes the author will describe how to use standard neoclassical theory to explain business cycle fluctuations. It documents nominal asset positions in the United States across sectors and groups of households and estimates the wealth redistribution caused by a moderate inflation episode.
A podcast on Radio France by Charlie Dupiot: An editorial based on the paper in German: Exploitation, Altruism, and Social Welfare: Aggregate Implications of Wealth Redistribution: Home People Matthias Doepke.
The growth rate of the economy depends on the fraction of the population choosing an entrepreneurial career. Matthias DoepkeFabian Kindermann. Exploitation is defined relative to a specific social welfare function.
The purported objective of such measures is to reduce the incidence of child labor in developing countries and thereby improve children’s welfare.
Matthias Doepke | IZA – Institute of Labor Economics
Handbook of Economic Growth, Vol. We develop a new theoretical link between inequality and growth. What causes some countries to enter macroefonomics growth takeoff, while others remain poor? Theory and evidence suggest that the link depends crucially on the political system. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs.
In macroefonomics paper, I examine whether frictions that affect the asset allocation decisions of households can lead to persistent effects.
In addition, there are many couples who disagree on having babies, and in low-fertility countries women are much more likely than men to be opposed to having another child. In this chapter, we argue that family economics should be an integral part of macroeconomics, and that accounting for the family leads to new answers to classic macro questions. Journal of Economic MacroeconomicwMarch Standard theories of wealth inequality cannot explain why the aristocrats, in spite of their superior wealth and education, failed to be the main protagonists and beneficiaries of industrialization.
The main predictions of the theory are consistent with state-level and micro data from the United States as well as mavroeconomics evidence from the PISA study. We discuss conditions under which it is optimal to adopt circulating government paper as the dominant unit of account, and the optimal choice of “currency areas” when there is variation in the intensity of trade within and across regions.
We build a model of technological progress in macrroeconomics pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge.
Our model is consistent with the observations that the changing wage-hours correlation among men is driven by married men, and that there is little change in the wage-hours correlation among employed women and at the household level. Quarterly Journal of EconomicsNovember Intrahousehold Decision Making and Fertility. The same in French: In recent years, a number of governments and consumer groups in rich countries have tried to discourage the use of child labor in poor countries through measures such as product boycotts and the imposition of international labor standards.
The literature on the economic consequences of women’s rights documents that more rights for women lead to more spending on health and children, which should benefit development.
The baseline model is contrasted to an extension with discrete macroeconomifs choice and stochastic mortality and a setup with sequential fertility choice.
ddoepke The paper January We show that men may agree to relinquish some of their power once technological change increases the importance of human capital. A non-technical summary in Czech: Trade unfolds sequentially in credit chains and is subject to random matching. Is International Activism the Solution or the Problem?