Download The Decline of Drudgery and the Paradox of Hard Work by Brendan Epstein, Miles S. Kimball P

Read The Decline of Drudgery and the Paradox of Hard Work

The Decline of Drudgery and the Paradox of Hard Work

download

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 signi­ôĆŐnt 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



download

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.



An electronic book, also known as an e-book or eBook, is a book publication made available in digital form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices. Although sometimes defined as "an electronic version of a printed book",some e-books exist without a printed equivalent.
E-books can be read on dedicated e-reader devices, but also on any computer device that features a controllable viewing screen, including desktop computers, laptops, tablets and smartphones.