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The Allocation of Time and Goods Over the Life Cycle

The Allocation of Time and Goods Over the Life Cycle
Author: Gilbert R. Ghez
Publisher: Columbia University Press
Total Pages: 180
Release: 1975
Genre: Business & Economics
ISBN:

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There is a belief now that family behavior over the life cycle can be analyzed by economic methods. This study deals with allocation of resources by families over time.


The Rate and Direction of Inventive Activity

The Rate and Direction of Inventive Activity
Author: National Bureau of Economic Research
Publisher: Princeton University Press
Total Pages: 647
Release: 2015-12-08
Genre: Political Science
ISBN: 1400879760

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The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.


Adaptive Asset Allocation

Adaptive Asset Allocation
Author: Adam Butler
Publisher: John Wiley & Sons
Total Pages: 209
Release: 2016-02-02
Genre: Business & Economics
ISBN: 1119220378

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Build an agile, responsive portfolio with a new approach to global asset allocation Adaptive Asset Allocation is a no-nonsense how-to guide for dynamic portfolio management. Written by the team behind Gestaltu.com, this book walks you through a uniquely objective and unbiased investment philosophy and provides clear guidelines for execution. From foundational concepts and timing to forecasting and portfolio optimization, this book shares insightful perspective on portfolio adaptation that can improve any investment strategy. Accessible explanations of both classical and contemporary research support the methodologies presented, bolstered by the authors' own capstone case study showing the direct impact of this approach on the individual investor. Financial advisors are competing in an increasingly commoditized environment, with the added burden of two substantial bear markets in the last 15 years. This book presents a framework that addresses the major challenges both advisors and investors face, emphasizing the importance of an agile, globally-diversified portfolio. Drill down to the most important concepts in wealth management Optimize portfolio performance with careful timing of savings and withdrawals Forecast returns 80% more accurately than assuming long-term averages Adopt an investment framework for stability, growth, and maximum income An optimized portfolio must be structured in a way that allows quick response to changes in asset class risks and relationships, and the flexibility to continually adapt to market changes. To execute such an ambitious strategy, it is essential to have a strong grasp of foundational wealth management concepts, a reliable system of forecasting, and a clear understanding of the merits of individual investment methods. Adaptive Asset Allocation provides critical background information alongside a streamlined framework for improving portfolio performance.


Introduction to a Theory of the Allocation of Time by Gary Becker

Introduction to a Theory of the Allocation of Time by Gary Becker
Author: James J. Heckman
Publisher:
Total Pages: 17
Release: 2014
Genre:
ISBN:

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Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of household production and the allocation of time within the household. The analytical framework of household production theory developed in this paper remained a pillar of his later work on the economics of the family and the economics of nonmarket activities more generally. Becker provided a formal model of households producing outputs like food, children, and housing that bundled goods and time. Becker's great contribution was to apply the model to interpret a broad array of empirical phenomena. Becker's framework allowed for a deeper understanding of the mechanisms of consumer choice, and interpretation of income and substitution effects. Its continuing relevance in empirical economics is a testimony to its power.


The Allocation of Time and Goods

The Allocation of Time and Goods
Author:
Publisher:
Total Pages: 198
Release: 2010
Genre: Consumption (Economics)
ISBN:

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Consumers' shopping behavior connects market goods expenditure with the out-of-market time allocation in their daily time use. This study is composed of three essays. In the first essay, data are collected from the American Time Use Survey and it is found that an indvidual's time devoted to shopping is positively determined by opportunity cost of time. Grocery shopping and other shopping, as two distinct types of shopping, react differently to a series of individual and household characteristics as well as by seasons. The corresponding marginal effects also differentiate between shopping time, leisure time, and home production time. In regards to gender difference, females dominate in amount of shopping time, and males and females respond differently on change of time due to change in economic status. The second essay examines the demand for market goods as an important factor in the process of household production. The researcher analyzes food and non-food expenditures of households in the United States using the 2002 and 2003 Current Population Survey Food Security Supplements. The results reveal the relationship between earned income and food purchased for home consumption, food purchased in restaurants, and non-food grocery goods purchases. It is found that expenditure for food to be consumed at home is related positively to income, while the share of total purchase devoted to home consumption is negatively related to income. Demographic variables and socioeconomic variables are found to play important roles in expenditure determination. In the third essay, a joint examination of shopping time and shopping expenditures is performed by merging the data from the researcher's time use study and expenditure study. The results of this paper show that shopping time and goods expenditure are related positively, so that the complementarities exist between grocery shopping time and grocery expenditure for American households.


Economics of the Family

Economics of the Family
Author: Martin Browning
Publisher: Cambridge University Press
Total Pages: 511
Release: 2014-06-05
Genre: Business & Economics
ISBN: 1107728924

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The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.


The Economics of Multitasking

The Economics of Multitasking
Author: Charlene M. Kalenkoski
Publisher: Palgrave Macmillan
Total Pages: 0
Release: 2015-11-30
Genre: Business & Economics
ISBN: 9781137381439

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People regularly multitask, though we have been warned about the mental costs of "task-switching" in psychology and the popular press. Meanwhile, economists have remained silent on the possible economic ramifications – both good and bad – of producers and/or consumers doing more than one thing at once. This first-of-its-kind volume explores the frequency, patterns, and economic implications of multitasking, with a particular focus on the multitasking of non-market activities such as child care, housework, eating, and studying. Using data sets from around the world and best-practice empirical and experimental techniques, the contributors to this volume explore the association of multitasking with output and welfare in a range of settings of interest to economists. Contributions in theory, empirical work, data management, and concepts are combined to yield the discipline's first holistic view of multitasking and to identify where the research frontiers lie in this area.


The Behavioral and Social Sciences

The Behavioral and Social Sciences
Author: National Research Council
Publisher: National Academies Press
Total Pages: 301
Release: 1988-02-01
Genre: Science
ISBN: 0309037492

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This volume explores the scientific frontiers and leading edges of research across the fields of anthropology, economics, political science, psychology, sociology, history, business, education, geography, law, and psychiatry, as well as the newer, more specialized areas of artificial intelligence, child development, cognitive science, communications, demography, linguistics, and management and decision science. It includes recommendations concerning new resources, facilities, and programs that may be needed over the next several years to ensure rapid progress and provide a high level of returns to basic research.