Accounting for Changes in Labor Force Participation of Married Women: The Case of the U.S. since 1959

Using a model of family decision-making with home production and individual heterogeneity, we quantitatively investigate the role of changes in several aspects of the joint earnings distribution of husbands and wives (gender earnings gap, gender-specific inequality and assortativeness of matching) and the decline in prices of home appliances in accounting for the dramatic rise in labor force participation of married women since 1959. The implications of the factors examined are tested against changes in participation for disaggregated groups of couples and leisure trends of married individuals, documented from the U.S. population census and time-use survey data.labor force participation, married couples, family time allocation, gender earnings gap, home production

Supplemental Notes to "Demographic transition and industrial revolution: A macroeconomic investigation"

These notes cover: Derivation of the objective function of the Dynastic Problem, Characterization of the competitive equilibrium, Sequential Problem (SP) whose solution corresponds to the competitive equilibrium allocation, Limiting behavior of the equilibrium time paths, Calibration as a solution to the system of linear equations, Solution method, Solving our model with the Barro and Becker parental utility, Effects of TFP and Labor Supply Changes on Structural Change.

Do soccer players play the mixed-strategy Nash equilibrium?

Mixed-strategy Nash equilibrium (MSNE) is a commonly-used solution concept in game-theoretic models in various fields in economics, management, and other disciplines, but the experimental results whether the MSNE predicts well actual play in games is mixed. Consequently, evidence for naturally-occurring games in which the MSNE predicts the outcome well is of great importance, as it can justify the vast use of MSNE in models. The game between the kicker and goalkeeper in soccer penalty kicks is a real-world game that can be used to examine the application of the MSNE concept or its accuracy because payoffs are a common knowledge, the players have huge incentives to play correctly, the game is simple enough to analyze, its Nash equilibrium is in mixed strategies, and players' actions can be observed. We collected and analyzed data on the direction of kicks and jumps in penalty kicks in various top leagues and tournaments. Our analysis suggests that the MSNE predictions are the closest to the actual sample data, even though some other prediction methods use information on the marginal distribution of kicks or jumps whereas the MSNE does not.Soccer; Football; MSNE; Mixed-strategies; Mixed-strategy Nash equilibrium; Sports; Penalty kicks

Two Higgs doublets, a 4th generation and a 125 GeV Higgs: a review

We review the possible role that multi-Higgs models may play in our understanding of the dynamics of a heavy 4th sequential generation of fermions. We describe the underlying ingredients of such models, focusing on two Higgs doublets, and discuss how they may effectively accommodate the low energy phenomenology of such new heavy fermionic degrees of freedom. We also discuss the constraints on these models from precision electroweak data as well as from flavor physics and the implications for collider searches of the Higgs particles and of the 4th generation fermions, bearing in mind the recent observation of a light Higgs with a mass of ~125 GeV.Comment: An invited review: to appear in a special issue of Advances in High Energy Physics (AHEP) on Very Heavy Quarks at the LHC. Version 2: minor change to title, reference list and last section updated. 32 pages, 24 figure