Search results for "LAB"

El pobre de la familia

2001

플랫폼경제에서의 약자 보호

2021

Known by many names – platform, sharing, peer-to-peer (p2p), collaborative economy, and so on-entirely new business models have emerged in recent years, whereby online platforms use digital technologies to connect distinct groups of users in order to facilitate transactions for the exchange of assets and services. This dramatic shift in business organisation and market structure has opened an intense debate on the persisting need for those regulatory measures that typically protect the weaker party in bilateral business-to-consumer transactions. Widespread calls for a more " levelled playing field " makes a strong argument for reconsidering the scope of regulation and delegating regulatory …

Intertemporal Substitution in the Spanish Economy: Evidence from Regional Data*

2018

This paper studies the intertemporal substitution in consumption and leisure for the Spanish economy by estimating the first‐order conditions of an individual optimization model with regional and aggregate data. While first‐order conditions determining intertemporal substitution in consumption show a good econometric fit, and the value we obtain for the intertemporal elasticity of substitution is similar to previously available results, the econometric fit of the intertemporal condition in leisure indicates that the behaviour of the Spanish labour supply over the cycle is more complex than can be explained by the canonical intertemporal choice model.

Household Leverage and Fiscal Multipliers

2011

We study the size of fiscal multipliers in response to a government spending shock under different household leverage conditions in a general equilibrium setting with search and matching frictions. We allow for different levels of household indebtedness by changing the intensive margin of borrowing (loan-to-value ratio), as well as the extensive margin, defined as the number of borrowers over total population. The interaction between the consumption decisions of agents with limited access to credit and the process of wage bargaining and vacancy posting delivers two main results: (a) higher initial leverage makes it more likely to find output multipliers higher than one; and (b) a positive g…

COLLABORATIVE ECONOMY AS AN INDICATION OF SUSTAINABLE CONSUMPTION IN RESULTS OF EXAMINED PEOPLE

2017

Sustainable consumption takes inspiration from the newest trends in economics which is a collaborative economy. This type of economy changes the model of organization and distribution based on sharing, using and creating together. The basic aim of this study is pointing out a purpose of a collaborating economy in the accomplishment of sustained consumption rules and in a conscious and self-motivated limit of personal consumption to the purpose of co-sharing. This task is going to be achieved with empirical verification of consumers behavior based on answers to a questionnaire. Research has confirmed the suggested hypothesis. People want to attend in collaborative consumption, which is posit…

Work Intensity and Labour Supply

2020

AbstractWe develop a model where individuals accumulate fatigue from work intensity when choosing hours worked. Fatigue captures intertemporal costs of labour supply and leads to a utility loss. As fatigue increases, individuals optimally choose to work fewer hours. The model also predicts that if individuals cannot easily shift consumption over time, they will work fewer hours but accumulate more fatigue when work intensity increases. Calibration to 19 European countries provides evidence for the claim that a higher share of the service sector is linked to increasing work fatigue and that public provisions of healthcare improves recovery and mental health.JEL codesE71, I12, J22

Gender, Weather Shocks and Welfare: Evidence from Malawi

2017

This paper explores the gender-differentiated effects of weather shocks on households’ welfare in Malawi using panel data aligned with climatic records. Results show that temperature shocks severely affect household welfare, reducing consumption, food consumption and daily caloric intake. The negative welfare effects are more severe for households where land is solely managed by women, a finding that sheds light on the gender-unequal impact of temperature shocks. Our evidence also suggests that women’s vulnerability to temperature shocks is linked to women’s land tenure security, as temperature shocks impact significantly women’s welfare only in patrilineal districts, where statistics show …

On Behavioral Heterogeneity

2006

An index of “behavioral heterogeneity” for every finite population of households is defined. It is shown that the higher the index of behavioral heterogeneity the less sensitive depends the aggregate consumption expenditure ratio upon prices. As a consequence, a high index implies a tendency for the Jacobian of aggregate demand to have a dominant negative diagonal.

Probiotics in transition: novel strategies

2015

Regulations regarding health claims made for probiotics demand their proven effectiveness and limit the array of microbial species regarded as safe for live consumption. Novel strategies such as moving to postbiotics and genetically modified probiotics may be necessary to increase the effectiveness of microbial products.

Perceived-Value-driven Optimization of Energy Consumption in Smart Homes

2020

Residential energy consumption has been rising rapidly during the last few decades. Several research efforts have been made to reduce residential energy consumption, including demand response and smart residential environments. However, recent research has shown that these approaches may actually cause an increase in the overall consumption, due to the complex psychological processes that occur when human users interact with these energy management systems. In this article, using an interdisciplinary approach, we introduce a perceived-value driven framework for energy management in smart residential environments that considers how users perceive values of different appliances and how the us…