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Author : Brendan Epstein, Miles S. Kimball
Publisher : Board of Governors of the Federal Reserve System
Published : 2014
ISBN-10 :
ISBN-13 :
Number of Pages : 47 Pages
Language : en
Keyword :
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The Decline of Drudgery and the Paradox of Hard Work Summary
We develop a theory that focuses on the general equilibrium and long-run macroeconomic consequences of trends in job utility. Given secular increases in job utility, work hours per capita can remain approximately constant over time even if the income effect of higher wages on labor supply exceeds the substitution effect. In addition, secular improvements in job utility can be substantial relative to welfare gains from ordinary technological progress. These two implications are connected by an equation ፟lowing from optimal hours choices: improvements in job utility that have a signi𓏊nt effect on labor supply tend to have large welfare effects.Author : Brendan Epstein, Miles S. Kimball
Publisher : Board of Governors of the Federal Reserve System
Published : 2014
ISBN-10 :
ISBN-13 :
Number of Pages : 47 Pages
Language : en
Keyword :
Read Online The Decline of Drudgery and the Paradox of Hard Work pdf
Download The Decline of Drudgery and the Paradox of Hard Work epub
The Decline of Drudgery and the Paradox of Hard Work Audiobook Download
Listen The Decline of Drudgery and the Paradox of Hard Work book
Download The Decline of Drudgery and the Paradox of Hard Work Audiobook
What is audiobook and how does it work?
Audiobooks are voice recordings of the text of a book that you listen to rather than read. Audiobooks can be exact word-for-word versions of books or abridged versions. You can listen to audiobooks on any smartphone, tablet, computer, home speaker system, or in-car entertainment system.
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