P Rupert, R Rogerson… - Economic Theory, 1995 - Springer
Summary Dynamic general equilibrium models that include explicit household production
sectors provide a useful framework within which to analyze a variety of macroeconomic
issues. However, some implications of these models depend critically on parameters, ...
C Cornwell… - Economic Inquiry, 1997 - Wiley Online Library
While there is compelling evidence that married men earn more than unmarried men, the
source of this premium remains unsettled. Using panel data from the National Longitudinal
Survey of Young Men, we show that much of the premium normally attributed to marriage ...
C Cornwell… - Journal of Applied Econometrics, 1988 - Wiley Online Library
Abstract Hausman and Taylor (1981) proposed an efficient instrumental variables estimator
for panel data regression models where the individual effects may be correlated with some
of the regressors. Amemiya and MacCurdy (1986) and Breusch, Mizon, and Schmidt ( ...
P Gomme… - Journal of Monetary Economics, 2007 - Elsevier
Calibration has become a standard tool of macroeconomics. This paper extends and refines
the calibration methodology along several important dimensions. First, accounting for home
production is important both in measuring calibration targets and in organizing the data in ...
A İmrohoroğlu, A Merlo… - International Economic …, 2000 - Wiley Online Library
2. Abstract This article analyzes a general equilibrium model in which agents choose to
specialize in either legitimate or criminal activities. Expenditures on police to apprehend
criminals, as well as income redistribution, are determined endogenously through majority ...
M Gort, J Greenwood… - Review of Economic Dynamics, 1999 - Elsevier
How much technological progress has there been in structures? An attempt is made to
measure this using panel data on the age and rents of buildings. The data are interpreted
with the help of a vintage capital model where buildings are replaced with some chosen ...
P Gomme, FE Kydland… - Journal of Political Economy, 2001 - JSTOR
An innovation in this paper is to introduce a time-to-build technology for the production of
market capital into a model with home production. Our main finding is that the two anomalies
that have plagued all household production models-the positive correlation between ...
A İmrohoroğlu, A Merlo… - International Economic …, 2004 - Wiley Online Library
In this article we analyze recent trends in aggregate property crime rates in the United
States. We propose a dynamic equilibrium model that guides our quantitative investigation
of the major determinants of observed patterns of crime. Our main findings can be ...
P Rupert, R Rogerson… - Journal of Monetary Economics, 2000 - Elsevier
We argue that estimates of intertemporal substitution elasticities obtained from standard life
cycle models are subject to a downward bias because they neglect changes in work done at
home over the life cycle. We extend the standard life cycle model to include home ...
P Gomme, R Rogerson, P Rupert… - 2005 - nber.org
The representative household model is the workhorse of modern business-cycle theory. One
can understand this from several perspectives. First, from an empirical perspective, the
business cycle is defined in terms of time series variation in the per-capita values for ...
P Rupert, M Schindler… - Journal of Monetary Economics, 2001 - Elsevier
Virtually all simple search models of money assume agents with money cannot produce,
and so everyone has either 0 or 1 units of money in steady state. We alternatively assume
agents can always produce, and simply restrict money inventories to 0 or 1. This seems ...
P Rupert, M Schindler, A Shevchenko… - … -Federal Reserve Bank …, 2000 - clevelandfed.org
This paper presents some results in monetary theory derived using very simple game-
theoretic models of the exchange process. The underlying model is a variant of search
theory, a framework that has been used extensively in a wide variety of applications. This ...
P Gomme… - 2004 - papers.ssrn.com
Abstract: Recent Bureau of Labor Statistics (BLS) data show labor's share of income at a
historic low. This Policy Discussion Paper explores the BLS calculations with an eye to
understanding the factors leading to the recent fall in labor's share. While data limitations ...
D Altig, TJ Fitzgerald… - Economic Commentary, 1997 - ideas.repec.org
A review of the connection between labor resource utilization and the growth/unemployment
correlation summarized by Okun's law, showing that the instability of that relationship,
particularly over short time horizons, has important implications for monetary policy.
K Roberts… - work, 1995 - clevelandfed.org
A,. perennial debate that has become even more sharply contested in recent months
concerns the size and scope of government participation in markets. Free-market
proponents believe that unfettered economic competition delivers the greatest prosperity ...
P Rupert, ME Schweitzer… - … RESERVE BANK OF …, 1996 - clevelandfed.org
When the decision to obtain additional education is based on future financial gain, an
individual must determine the expected return less the cost of that education versus the net
return to no further education. This decision is not unlike other investment decisions ...
R Rogerson… - Journal of Monetary Economics, 1991 - Elsevier
Abstract This paper estimates the intertemporal elasticity of substitution for married males
taking into account that many individuals are at a corner solution for weeks worked by virtue
of working year round. The fact that these individuals do not choose to engage in much ...
G Rocheteau, P Rupert, K Shell… - Journal of Economic Theory, 2008 - Elsevier
In a general-equilibrium economy with nonconvexities, there are sunspot equilibria with
good welfare properties; sunspots can ameliorate the effects of the nonconvexities. For
these economies, we show that agents act as if they have quasi-linear utility functions. We ...
A İmrohoroĝlu, A Merlo… - Journal of Economics and Finance, 2006 - Springer
Abstract In this paper, we use an overlapping generations model where individuals are
allowed to engage in both legitimate market activities and criminal behavior in order to
assess the role of certain factors on the property crime rate. In particular, we investigate if ...
P Gomme, B Ravikumar… - Review of Economic Dynamics, 2011 - Elsevier
A widely cited failing of real business cycle models is their inability to account for the cyclical
patterns of financial variables. Perhaps less well known is the fact that the returns to capital
and equity are identical in the neoclassical growth model. This paper constructs a ...
AÖ İmrohoroglu, A Merlo, P Rupert… - 1996 - papers.ssrn.com
Abstract: In this paper we consider a general equilibrium model where heterogeneous
agents specialize either in legitimate market activities or in criminal activities and majority
rule determines the share of income redistributed and the expenditures devoted to the ...
G Rocheteau, P Rupert… - The Scandinavian Journal …, 2007 - Wiley Online Library
When labor is indivisible, there exist efficient outcomes with some agents randomly
unemployed, as in Rogerson (1988). We integrate this idea into the modern theory of
monetary exchange, where some trade occurs in centralized markets and some in ...
B Engelhardt,
G Rocheteau… - Journal of Public Economics, 2008 - Elsevier
This paper extends the Pissarides [Pissarides, Christopher A. Equilibrium Unemployment
Theory. Cambridge: MIT (2000)] model of the labor market to include crime and punishment
à la Becker [Becker, Gary S.“Crime and punishment: an economic approach.” Journal of ...
D Altig… - Federal Reserve Bank of Cleveland Economic …, 1999 - clevelandfed.org
There are a number of factors which explain the uneven distribution of technological
innovations. Patents and other inventor rights may inhibit the widespread use of newer
technologies. Profitmaximizing motives may induce some firms to maintain older vintages ...
M Gort, J Greenwood… - Economic Commentary, March, 1999 - clevelandfed.org
The people who work in skyscrapers must be kept comfortable, and this takes space. For
instance, the 29th floor of the Sears Building is occupied by five air chillers, three of them
weighing 5,000 tons apiece. After being used in the chillers, water is pumped up 77 floors ...
C Cornwell… - ECONOMIC REVIEW-FEDERAL …, 1995 - clevelandfed.org
Uncovering the determinants of earnings is an important and well-researched area in labor
economics. In studies of race or sex discrimination, it is imperative to use statistical methods
that control for various factors so that the researcher can obtain an unbiased measure of ...
P Rupert… - Journal of Monetary Economics, 2011 - Elsevier
Conventional macro-search models (Mortensen and Pissarides) with unemployment
benefits and taxes have been able to account for the variation in unemployment rates across
countries but do not account for the role geographic mobility or commuting time might play ...
E Nosal… - Review of Economic Dynamics, 2007 - Elsevier
Job amenities are explicitly included in a model of job choice over the life cycle. The
amenities are characterized by an indivisibility—a worker must be present at a job to enjoy
its amenities. This characterization has implications on initial job choice, a worker's wage ...
R Rogerson… - Journal of Economic Dynamics and Control, 1993 - Elsevier
Many empirical tests of the intertemporal, substitution theory of labor market fluctuations
have assumed that shocks to the labor demand curve are the sole source of variance in
hours and wages. We show that conclusions based on these tests are very sensitive to ...
S Jafarey… - Journal of Economic Theory, 2001 - Elsevier
This paper studies limited commitment and adverse selection in an economy in which
private liabilities (inside money) can be used as instruments of intertemporal trade. The
results suggest that in conjunction with adverse selection, the limited commitment problem ...
SG Cecchetti… - Economic Commentary, 1996 - ideas.repec.org
An analysis of how implementing a flat tax on income and ending the deductibility of
mortgage interest payments would affect housing prices. The authors show that, to the extent
prices decline, higher-income households would bear most of the impact, but increases in ...
[CITATION] nThe Return to Capital and the Business Cycleo
P Gomme, B RAVIKUMA… - 2006 - Mimeo, University of Santa Barbara
[CITATION] The Phillips Curve in General Equilibrium
G Rocheteau, P Rupert… - Scandinavian Journal of Economics, forthcoming, 2006
E Nosal, P Rupert… - 2002 - clevelandfed.org
In the Panel Study of Income Dynamics (PSID) it is possible to identify workers who have
changed employers voluntarily. 1 That is, workers who report they were neither fired nor
subject to a layoff or shutdown. While the majority of the voluntary leavers move to new ...
[CITATION] They Myth of the Over Worked American
K Roberts… - Economic Commentary, 1995
D Altig, T Fitzgerald… - Public Administration and Public …, 2002 - books.google.com
The Commerce Department yesterday raised its estimate of first-quarter growth to a 5.8
percent annual rate—the highest in more than a decade. Coming at a time of low
unemployment, the unusually rapid growth sparked concerns that it could cause an ...
[CITATION] qUnobservable Individual Effects
C Cornwell… - Marriage
P Rupert… - 2010 - virginia.edu
Abstract. In this paper we document the substantial time transfers senior male workers make
in the form of care of their grandchildren. We identify the causal effect such transfers have on
labor supply late in the working life. Identification exploits the gender of the first child, ...
EON Fisher… - 2005 - rupertnet.net
Page 1. The Decline of Manufacturing Employment in the United States Eric O'N. Fisher The Ohio
State University, The University of California at Santa Barbara, and Federal Reserve Bank of
Cleveland Peter C. Rupert ∗ Federal Reserve Bank of Cleveland 10 December 2005 ...
[CITATION] On the macroeconomic implications of models with household production
P Rupert, R Rogerson… - unpublished paper, Federal Reserve Bank of …, 1997
[CITATION] Time-to-build and household production
P Gomme, P Rupert… - Journal of Political Economy, 2001
P Rupert… - 2009 - rupertnet.net
Abstract. This paper documents empirical life cycle profiles of wages, earnings, and hours of
male workers from the Panel Study of Income Dynamics. We find that the wage profile does
not decline with age, while hours per worker drop sharply beginning shortly after age 50, ...
MA Davis, F Ortalo-Magne… - Economic Commentary, 2007 - ideas.repec.org
Most of the public concern about housing markets is based on claims that house prices have
increased at historically anomalous rates and that house prices have outpaced incomes.
The first claim is based on inaccurate historical data. The second is linked to relaxed credit ...
JA Birchenall, T Guo, W Hawkins, M Kapicka… - 2010 - econ.ucsb.edu
Abstract This paper studies a general equilibrium island model of mismatch and examines
the stationary properties of the equilibrium. Aggregate demand is uncertain and market
participants cannot instantaneously adjust to changes in demand. Changes in ...
[CITATION] Estimating substitution elasticities in models with home production
R Rogerson, P Rupert… - Economic Theory, 1995
G Rocheteau, P Rupert, K Shell… - 2005 - economics.uwo.ca
Abstract We construct a simple model of monetary exchange where, as in Lagos and Wright
(2004), trades take place in both centralized and decentralized markets. However, in
constrast to Lagos and Wright, we allow for general preferences and introduce ...
[CITATION] Homework in Labor Economics: Household Production and Intertemporal Substitution
R Rogerson, P Rupert… - 1996 - Working paper, Federal Reserve …
[CITATION] jGeneral Equilibrium with Nonconvexities
G Rocheteau, P Rupert, K Shell… - Sunspots and Money, kmimeo, University …, 2005
E Nosal… - Economic Commentary, Federal Reserve …, 2002 - clevelandfed.org
Economies can't grow without a sufficiently developed infrastructure, but how deep does the
infrastructure have to be to make a difference? The authors take a look at some research
from the Fraser Institute that examines the relationship between economic growth and ...
[CITATION] Crime and the Labor Market: A Search Model with Optimal Contracts. Federal Reserve Bank of Cleveland
B Engelhardt, G Rocheteau… - 2007 - Working Paper 0715
D Altig, T Fitzgerald… - Economic Commentary, 1997 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to view
it first. Information about this may be contained in the File-Format links below. In case of further
problems read the IDEAS help page. Note that these files are not on the IDEAS site. ...
E Nosal… - Federal Reserve Bank of Cleveland, Working …, 2003 - cirpee.uqam.ca
Abstract Observing the current wage at a job may not fully reflect the “value” of that job. For
example, a job with a low starting wage may be preferred to a high starting wage job if the
growth rate of wages in the former exceeds the latter. In fact, differences in wage growth ...
M Gort, S Jafarey… - ECONOMIC REVIEW-FEDERAL …, 1999 - clevelandfed.org
The definition or implicit measure of capital has, in some respects, been left ambiguous in
the literature on economic growth. Most of the theoretical work on economic growth has
assumed the existence of an aggregate capital stock that grows at the same rate as output ...
[CITATION] Home production in a lifecycle model
P Gomme, R Rogerson, P Rupert… - 2000
P Gomme… - Economic Commentary, 2004 - 199.169.201.130
Economic growth has led to ever higher standards of living over the past 75 years. Average
real per capita income in the United States has grown by more than a factor of five since
1929. Every state has seen a rise in its real per capita income. Over this same time span, ...
P Rupert… - Economic Commentary, 2001 - 199.169.201.130
To minimize the effects of idiosyncratic risk on consumption, financial markets make it
possible to pool people together, through homeowners insurance, for example. Each
individual pays a little every month to insure against the bad state of the world where the ...
B Engelhardt… - 2009 - rupertnet.net
Abstract In this paper we nest the canonical competitive search model of Moen (1997) inside
a standard random matching model with bargaining as in Pissarides (2000). Maximum
likelihood estimation is used to test for several equilibrium conditions that differentiate the ...
Abstract This paper extends the Pissarides (2000) model of the labor market to include crime
and punishmenta la Becker (1968). All workers, irrespective of their labor force status can
commit crimes and the employment contract is determined optimally. The model is used to ...
M Gort… - ECONOMIC REVIEW-FEDERAL RESERVE …, 1999 - clevelandfed.org
Oscar Wilde defined a cynic as a person “who knows the price of everything and the value of
nothing,” and a sentimentalist as one “who sees an absurd value in everything but doesn't
know the market price of any single thing.” Most economists would probably object to the ...
P Rupert - 2008 - books.google.com
Over the past several decades there have been substantial changes in the size,
composition, educational level, work activity, and locational choice of families. The aim of
this book series is to provide a better understanding of the forces that have led to the ...
Abstract This paper extends the Pissarides (2000) model of the labor market to include crime
and punishmenta la Becker (1968). The model is used to study, analytically and
quantitatively, the effects of various labor market and crime policies. For instance, a more ...
P Rupert - Journal of Monetary Economics, 2008 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
P Rupert… - 2008 - econ.ucdavis.edu
Abstract A model is developed that allows for interaction between the labor market and the
housing market. A job location has an associated commuting time that may affect the job
acceptance decision. Obstacles to mobility, such as regulations in the housing market, will ...
[CITATION] Neue Lehrpläne-wer braucht sie, wer will sie, wem nützen sie?: Empirische Evaluation zur Implementation des gymnasialen Lehrplans im Fach Sport ( …
PR Fischer - 1995 - Czwalina
ME Schweitzer… - Annual Report, 2006 - ideas.repec.org
Millions of US citizens continue to live in poverty within one of the wealthiest and most
productive nations in the world. The Federal Reserve Bank of Cleveland's 2006 Annual
Report reviews some of the reasons for the persistence of poverty in America and ...
B Englehardt,
G Rocheteau… - 2006 Meeting Papers, 2006 - ideas.repec.org
The same policies or technological changes that affect the labor market can also affect the
extent of criminal activities. For instance, while an increase in unemployment benefits can
raise unemployment duration it may also reduce crimes by unemployed. Or, a ...
Abstract This paper examines interactions between the labor market and crime. The
Pissarides (2000) model of the labor market is augmented with crime and punishmenta la
Becker (1968). The model is tractable and is used to study, analytically and quantitatively, ...
P Rupert - International Economic Journal, 1991 - Taylor & Francis
Many have suggested that the bonus system in Japan adds flexibility to earnings. This paper
tests that hypothesis with data across firm size and worker type. It is shown that the bonus
payments are pro-cyclical, corroborated in other studies, but are used in significantly ...
B Engelhardt,
G Rocheteau… - Frontiers of Family …, 2009 - emeraldinsight.com
Abstract The same forces that lead to changes in participation in the labor market can also
affect the extent of criminal activity. To analyze such interaction we construct a search-
theoretic model where labor market participation, labor market outcomes and crime are ...
Abstract This paper examines interactions between the labor market and crime. It seems
reasonable to believe that changes in policy or technologies that affect the labor market
might affect the extent of criminal activities, and vice versa–changes in the crime sector ...
P Rupert, ME Schweitzer… - Economic …, 1996 - clevelandfed.org
When the decision to obtain additional education is based on future financial gain, an
individual must determine the expected return less the cost of that education versus the net
return to no further education. This decision is not unlike other investment decisions ...
D Altig, T Fitzgerald… - Handbook of Monetary and …, 2001 - books.google.com
The Commerce Department yesterday raised its estimate of first-quarter growth to a 5.8
percent annual rate—the highest in more than a decade. Coming at a time of low
unemployment, the unusually rapid growth sparked concents that it could cause an ...
[CITATION] Causation between income and age-of-first marriage
A Chiu, A Ching, K Bhatia, P Rupert…
D MORTENSEN, É NAGYPáL… - … journal of economics, 2007 - cadmus.eui.eu
Full-text contained in Cadmus is protected by copyright law and may be downloaded for
personal research purposes only. Any additional reproduction for other purposes, whether in
hard copy or electronically, requires the consent of the copyright holder (s).
B Engelhardt… - 2009 - sv.uio.no
Abstract In this paper we estimate the canonical competitive search model of Moen (1997).
In addition, likelihood ratio tests are developed to test several equilibrium conditions that
differentiates competitive search from other types. The results fail to reject that workers ...
[CITATION] The Impacts of Emigration on The Home Country: Evidence In Taiwan
IYH Chen, K Bhatia, P Rupert… - 2004
P Gomme, B Ravikumar… - 2005 - 147.46.167.195
There has been considerable progress in accounting for business cycle fluctuations in
aggregate quantities. Using the real business cycle framework developed by Kydland and
Prescott (1982), several studies have tried to replicate the observed comovements and ...
E Nosal… - Economic Commentary, 2002 - clevelandfed.org
■ Background Nash was awarded a Nobel Prize for his contributions to game theory. Game
theory is used to analyze problems that feature “strategic interaction” between individuals or
“players.” Strategic interaction refers to a situation in which the actions of one party affect ...
D Altig, T Fitzgerald… - PUBLIC ADMINISTRATION AND …, 2002 - books.google.com
38 la Noninflationary Growth an Oxymoron? David Altig Vice President and Economist, Federal
Reserve Bank of Cleveland. Cleveland, Ohio Terry Fitzgerald and Peter Rupert Economist, Federal
Reserve Bank of Cleveland. Cleveland, Ohio Just before the Federal Open Market ...
[CITATION] The Japanese labor market: an examination of the bonus system
PC Rupert - 1986 - University of Rochester
F Kydland, P Rupert, R Šustek… - 2011 - economics.concordia.ca
Page 1. Cyclical Residential Investment and Mortgages: An International Perspective ∗
Finn E. Kydland†, Peter Rupert‡, and Roman Šustek§ November 9, 2011 Preliminary
and incomplete Please do not quote without permission Abstract ...
PR Wasmer… - THEMA Working Papers, 2009 - econpapers.repec.org
A search model of the labor market is augmented to include commuting time to work. The
theory posits that wages are positively related to commute distance, by a factor itself
depending negatively on the bargaining power of workers. Since not all combinations of ...
A İmrohoroğlu, A Merlo… - clevelandfed.org
In this paper, we use an overlapping generations model in which individuals are allowed to
engage in both legitimate market activities and criminal behavior in order to assess the role
of certain factors on the property crime rate. In particular, we investigate whether the ...
M Gort… - PUBLIC ADMINISTRATION AND PUBLIC …, 2002 - books.google.com
Oscar Wilde defined a cynic as a person" who knows the price of everything and the value of
nothing," and a sentimentalist as one" who sees an absurd value in everything but doesn't
know the market price of any single thing." Most economists would probably object to the ...
P Rupert… - Open Access publications from …, 2008 - spire.sciences-po.fr
Abstract: A model is developed that allows for interaction between the labor market and the
housing market. A job location has an associated commuting time that may affect the job
acceptance decision. Obstacles to mobility, such as regulations in the housing market will ...
P Rupert - Economic Commentary, 2004 - clevelandfed.org
When people change employers, they often take a pay cut. It should come as no surprise
that most people would prefer not to reduce their wages when they change jobs, but
sometimes they have no choice. If someone is fired and forced to seek a new employer, ...
P Rupert… - Open Access publications from …, 2008 - spire.sciences-po.fr
Abstract: A model is developed that allows for interaction between the labor market and the
housing market. A job location has an associated commuting time that may affect the job
acceptance decision. Obstacles to mobility, such as regulations in the housing market will ...
P Rupert, A Merlo - International economic review, 2004 - dialnet.unirioja.es
... WHAT ACCOUNTS FOR THE DECLINE IN CRIME? Autores: Ayse ¿mrohoro¿lu, Peter Rupert,
Antonio Merlo; Localización: International economic review , ISSN 0020-6598, Nº. 3, 2004 ,
págs. 707-729. Fundación Dialnet. Acceso de usuarios registrados. ...
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google