Commuting costs and labor force retirement

This paper studies whether the increase in home-workplace separation observed among U.S. older male workers in the last decades of the 20th century can partly account for earlier retirement. We first extend a conventional residential location-labor supply model in order to examine potential mechanisms linking commuting and retirement. After showing that, as a consequence of the urban residential equilibrium, it is possible that workers residing further from the workplace retire earlier, PSID data and an instrumental variables approach are combined in order to assess the nature and strength of the relation.Retirement. Commuting. Instrumental variables.

ON THE PRICE OF RECREATION GOODS AS A DETERMINANT OF MALE LABOR SUPPLY

This paper examines whether and how changes in the price of goods consumed in conjunction with leisure time influence the life-cycle allocation of work effort by part of prime-age males. For the U.S., individual-level data is combined with Metropolitan Area-level price indices of recreation goods to estimate the male elasticity of intertemporal substitution of market time with respect to the price of recreation goods, which is found to be centered at 0.18 and statistically different from zero. The allocation of work effort over the life-cycle in response to changes in the price of recreation goods creates movements in the output of an economy that could be important for understanding economic fluctuations.Intertemporal substitution, male labor supply, panel data.

New Physics in s→uℓ−νˉs\to u\ell^-\bar\nu: Interplay between semileptonic kaon and hyperon decays

We review a novel model-independent approach to the analysis of new-physics effects in the $s\to u\ell^-\bar\nu$ transitions. We apply it to (semi)leptonic kaon decays and study their complementarity with pion and hyperon $\beta$ decays or with collider searches of new physics.Comment: Contribution to the NA62 Physics Handbook. It summarizes the analysis presented in arXiv:1605.07114 and discusses in more detail the interplay between $K_{\mu3}$ and semileptonic hyperon decays as new-physics probe