MARC Record from Library of Congress

LEADER: 02423nam a22002777a 4500
001 2006619152
003 DLC
005 20060614105633.0
007 cr |||||||||||
008 060614s2006 mau sb 000 0 eng
010 $a 2006619152
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aGronau, Reuben.
245 10 $aHome production and the macro economy-some lessons from pollak and wachter and from transition russia$h[electronic resource] /$cReuben Gronau.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2006.
490 1 $aNBER working paper series ;$vworking paper 12287
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 6/14/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"Recent years witnessed a flourishing of literature on the implication of shifts from home- production to market production on the macro economy, and in particular, the real business cycle. This literature employs calibration techniques to emulate the fluctuations in market output, labor and capital inputs and productivity over the business cycle, assuming a representative consumer and using stylized parameters of the substitution elasticity between home and market goods, and of the home production function. This paper argues that the parameters used in this literature cannot be verified empirically because of econometric identification problems. Furthermore, using data from the late 90s from transition Russia, it is argued that one cannot capture the fluctuation between the home and the market by using a representative consumer, since there is a distinct difference between males and females in their reaction to loss of employment: men shift most of the time released from market work to leisure while women divide it almost equally between work at home and leisure. Finally it is shown that the switch from a controlled economy to a market economy resulted in significant increase in home productivity and an increase in the free time enjoyed by both Russian men and women"--National Bureau of Economic Research web site.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 12287.
856 40 $uhttp://papers.nber.org/papers/w12287