منابع مشابه
A view on the long - run evolution of hours worked and labor productivity in Switzerland ( 1950 - 2010 )
The discussion about the long-run evolution of labor productivity in Switzerland is awed because the available data on the input of labor is incoherent and incomplete. It is the aim of this paper to establish a consistent aggregate series of total hours worked covering 195
متن کاملRelative Income and Hours Worked:
The so called “happiness paradox”, i.e. the non increasing long-term trends of the subjective wellbeing, has been explained by theories based on social comparisons. If such explanations are taken seriously, we have to further check whether they are consistent with the observed trends in hours worked in Western countries. Available evidence suggests that leisure time is only weakly increasing, e...
متن کاملPersistence and Cycles in US Hours Worked
This paper analyses monthly hours worked in the US over the sample period 1939m1 – 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is unbounded at a non-zero frequency. The reason for choosing this specification is that the periodogram o...
متن کاملLong-run Trends in Housing Price Growth
Housing is the most important asset owned by the majority of Australian households. It is a large component of household wealth and serves a unique, dual role as an investment vehicle and a durable good from which consumption services are derived. With most mortgages and many small business loans secured against residential dwellings in Australia, housing also forms an important part of the col...
متن کاملFinancial Development and Long-Run Volatility Trends
Countries with more developed nancial markets (as measured by the private debtto-GDP ratio) tend to have signi cantly lower aggregate volatility. This relationship is also highly non-linear starting from a low level of nancial development the reduction in aggregate volatility by nancial deepening is far more signi cant than it is when the nancial market is more developed. We build a fully-...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.743208