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Full-Text Articles in Social and Behavioral Sciences

Intertemporal Substitution In The Time Allocation Of Married Women, Ken Yamada Nov 2011

Intertemporal Substitution In The Time Allocation Of Married Women, Ken Yamada

Research Collection School Of Economics

This paper studies a life-cycle model of home production to examine how married women change their allocation of time in response to evolutionary movements along the life-cycle wage profile in Japan. After accounting for the potential bias due to heterogeneity, measurement error, weak instruments, and missing data, the estimates of intertemporal substitution elasticity obtained from the home production model are moderate and similar to those obtained from the standard labor supply model.


Mncs And The Labour Crunch: Local Jobs May Suffer If Foreign Supply Is Curbed, Hian Teck Hoon Nov 2011

Mncs And The Labour Crunch: Local Jobs May Suffer If Foreign Supply Is Curbed, Hian Teck Hoon

Research Collection School Of Economics

No abstract provided.


Family Background And Economic Outcomes In Japan, Ken Yamada Oct 2011

Family Background And Economic Outcomes In Japan, Ken Yamada

Research Collection School Of Economics

There has been increasing concern about the influence of elements of family background on children’s future outcomes in Japan. This paper empirically examines the long-term impact of family background, including sibling composition and parental attributes, and reveals how these elements of Japanese women’s family backgrounds affect their educational attainment and investment, labor market outcomes, family formation, and spousal characteristics.


Labor Supply Responses To The 1990s Japanese Tax Reforms, Ken Yamada Aug 2011

Labor Supply Responses To The 1990s Japanese Tax Reforms, Ken Yamada

Research Collection School Of Economics

The consumption-leisure choice model implies that an exogenous change in tax rates will induce a change in labor supply. This implication is expected to be important to labor supplied by secondary earners under a progressive tax system when spousal income alters effective marginal tax rates. This paper examines labor supply responses to the income tax changes associated with Japanese tax reforms during the 1990s. The results indicate that the hours-of-work elasticity with respect to the net-of-tax rate is 0.8 for married women.


Wage Subsidies In A Program For Economic Inclusion And Growth, Hian Teck Hoon Feb 2011

Wage Subsidies In A Program For Economic Inclusion And Growth, Hian Teck Hoon

Research Collection School Of Economics

This paper is in three parts. The first part discusses the workings of a wage subsidy scheme in boosting employment and earnings of workers. The second part reviews the empirical evidence on the effectiveness of wage subsidy schemes in countries that have implemented them both as countercyclical policies as well as structural programs to boost long-term earnings and employment of low wage workers. The third part looks at Singapore as a case study of how wage subsidies have been used in a program for generating economic inclusion both in the context of growth as well as in the context of …


Economic Transition, Higher Education And Worker Productivity In China, Belton Fleisher, Yifan Yu, Haizheng Li, Seonghoon Kim Jan 2011

Economic Transition, Higher Education And Worker Productivity In China, Belton Fleisher, Yifan Yu, Haizheng Li, Seonghoon Kim

Research Collection School Of Economics

We investigate the role of education on worker productivity and firms' total factor productivity using a panel of firm-level data from China. We estimate the returns to education by calculating the marginal productivity of workers of different education levels based on estimates of the firm-level production function. We also estimate how the education level of workers and CEO contributes to firms' total factor productivity. Estimated marginal products are much higher than wages, and the gap is larger for highly educated workers. Our estimate shows that an additional year of schooling raises marginal product by 30.1%, and that CEO's education increases …


Payroll Taxes, Wealth And Employment In Neoclassical Theory: Neutrality Or Nonneutrality?, Hian Teck Hoon Jan 2011

Payroll Taxes, Wealth And Employment In Neoclassical Theory: Neutrality Or Nonneutrality?, Hian Teck Hoon

Research Collection School Of Economics

The theoretical proposition that temporarily below-normal tax rates on labor this year, when merged with the prospect of reversion to normal rates next year, will encourage households to squeeze more work into this year and to work less in future years is well-founded. This proposition was recently tested anew on Icelandic data and performed well empirically (Bianchi, Gudmundsson, and Zoega 2001). But would a permanent cut in tax rates on labor encourage more work permanently—with no diminution of effectiveness? Conversely, does a permanent increase in tax rates on labor cause a permanent decline in hours worked?