The Allocation of Time and Goods Over the Life CycleNational Bureau of Economic Research, 1975 - Počet stran: 150 There is a belief now that family behavior over the life cycle can be analyzed by economic methods. This study deals with allocation of resources by families over time. |
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The Allocation of Time and Goods Over the Life Cycle Gilbert R. Ghez,Gary Stanley Becker Zobrazení fragmentů - 1975 |
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a₁ aFlax allocation arithmetic means assumed b₁ b₂ Becker bias biased BLS Survey C₁ Census cent Coeff cohort College commodity consumption constant Consumption Function cost of producing cycle demand depend Economic Education Levels elasticity of substitution equal equation estimates family consumption family earnings full wealth Ghez Grade School High School hourly earnings household head household production function human capital HW/WK HW/YR income effects increase Independent Variables interest rates Jacob Mincer Log Log male marginal benefits marginal cost marginal utility Michael Grossman negative coefficient nonwage income nonwhites Original Data output of human period predicted production function production of human R2 Watson rate of growth rate of interest real wage rate real wealth regression coefficient relative s₁ sample spent stock of human substitution effects substitution in consumption substitution in production sumption Table theory Three-year Moving Average tion Variables t values whites WK/YR X₁ zero