A Theory of Occupational Choice with Endogenous Fertility
نویسندگان
چکیده
منابع مشابه
A Theory of Occupational Choice with Endogenous Fertility
Theories based on partial equilibrium reasoning alone cannot explain the widespread negative cross-sectional correlation between parental wages and fertility, without restrictive assumptions on preferences and childcare costs. We argue that incorporating a dynamic general equilibrium analysis of returns to human capital can help explain observed empirical patterns. Other by-products of this the...
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Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2012
ISSN: 1945-7669,1945-7685
DOI: 10.1257/mic.4.4.1