Working in the market, working at home, and the acquisition of skills: A general-equilibrium
记录了生产率、教育、工作时间等跨时期和跨截面的事实,并构建了一个包含技能获取和家庭生产的世代交叠模型来解释这些现象。
Over time, productivity and education have increased, while hours worked have not. Cross-sectionally, higher-wage individuals have more schooling, more hours worked in the market, fewer hours worked at home, and a lower variance of market hours. Over the life cycle, older individuals have higher wages, more hours worked both in the market and at home, a lower variance of market hours, and almost the same amount of education as younger agents. These and other facts are documented, and a simple overlapping-generations model with skill acquisition and home production that delivers most of these properties is constructed. Copyright 1993 by American Economic Association.