Many empirical studies in applied production analysis are based on functional forms that have to satisfy some curvature conditions in order to be compatible with microeconomic theory. Curvature conditions means…
Discontinuities in the employment profile are supposed to cause wage cuts since they imply an interruption in the accumulation of human capital as well as a depreciation of the human capital stock built up in…
While health receives increasing attention from the economic profession, one can argue that the empirical analysis of household budgets has been motivated at the outset by an important aspect of the study of…