The American Economic Review, Volume 86American Economic Association., 1996 Includes papers and proceedings of the annual meeting of the American Economic Association. Covers all areas of economic research. |
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Página 145
whether its portfolio effect dominates its sav- ings effect . Unlike in Models 1 and 2 , however , ex- pected wealth growth μ is decreasing in the poverty - aversion coefficient κ and the social- wealth level V ,. Note that even though ...
whether its portfolio effect dominates its sav- ings effect . Unlike in Models 1 and 2 , however , ex- pected wealth growth μ is decreasing in the poverty - aversion coefficient κ and the social- wealth level V ,. Note that even though ...
Página 375
... effect . Increases in women's wages raise both household income and the price of children , and so have offsetting income and substitution effects on the demand for chil- dren . The overall effect on fertility of a pro- portional ...
... effect . Increases in women's wages raise both household income and the price of children , and so have offsetting income and substitution effects on the demand for chil- dren . The overall effect on fertility of a pro- portional ...
Página 385
... effect . Once the nonhome sector is suf- ficiently productive ( due either to capital ac- cumulation or technological progress ) , the effects explored in our basic model take over : capital accumulation raises women's relative wages ...
... effect . Once the nonhome sector is suf- ficiently productive ( due either to capital ac- cumulation or technological progress ) , the effects explored in our basic model take over : capital accumulation raises women's relative wages ...
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aggregate American Economic Review analysis assets assume assumption at-will auction average bargaining behavior bidders buyer buyout capital changes coefficient Common Value Auctions competition composite commodity consumption contract correlation debt default demand denote drilling effect efficient employees English auctions equation equilibrium estimated expected firm firm's function given growth health insurance households implies income increase industry innovation investment Journal of Economics labor lease Lemma loan marginal cost ment monetary mortgage Nash equilibrium neoclassical nomic offer optimal outcome output paper parameter percent period predicted preferences profits Proposition ratio regression relative revenue risk risk aversion Section seller senators share signal social standard standard errors statistics strategy structure symmetric equilibrium Table Theorem theory tion tracts trade units University utility variables Veblen effects voters voting wage winner's curse workers zero