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100 records from EconBiz based on author Name
1. Integrated epi-econ assessment: quantitative theory
abstractAimed at pandemic preparedness, we construct a framework for integrated epi‐econ assessment that we believe would be useful for policymakers, especially at the early stages of a pandemic outbreak. We offer theory, calibration to micro‐, macro‐, and epi‐data, and numerical methods for quantitative policy evaluation. The model has an explicit microeconomic, market‐based structure. It highlights trade‐offs, within period and over time, associated with activities that involve both valuable social interaction and harmful disease transmission. We compare market solutions with socially optimal allocations. Our calibration to Covid‐19 implies that households shift their leisure and work activities away from social interactions. This is especially true for older individuals, who are more vulnerable to disease. The optimal allocation may or may not involve lockdown and changes the time allocations significantly across age groups. In this trade‐off, people's social leisure time becomes an important factor, aside from deaths and GDP. We finally compare optimal responses to different viruses (SARS, seasonal flu) and argue that, going forward, economic analysis ought to be an integral element behind epidemiological policy.
Boppart, Timo; Harmenberg, Karl; Hassler, John; Krusell, Per; Olsson, Jonna;2025
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 2. Who should work how much?
Boppart, Timo; Krusell, Per; Olsson, Jonna;2024
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability:
Link 3. Who should work how much?
abstractA production efficiency perspective naturally leads to the prescription that more productive individuals should work more than less productive individuals. Yet, systematic differences in actual hours worked across high- and low-wage individuals are barely noticeable. We highlight that the insurance available to households is an important determinant behind this fact. Using a dynamic heterogeneous-agent model with insurance frictions, income effects calibrated to match aggregate hours across time and space, and financial frictions that deliver realistic wealth dispersion, we report stark effects of insurance: perfect insurance would raise aggregate labor productivity by 9.6 percent and decrease hours worked by 7.7 percent
Boppart, Timo; Krusell, Per; Olsson, Jonna;2024
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link Link
4. Productivity slowdown: reducing the measure of our ignorance
Boppart, Timo; Li, Huiyu;2021
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability:
Link Citations: 3 (based on OpenCitations)
5. Rising inequality and trends in leisure
Boppart, Timo; Ngai, Liwa Rachel;2021
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link Citations: 1 (based on OpenCitations)
6. A theory of falling growth and rising rents
Aghion, Philippe; Bergeaud, Antonin; Boppart, Timo; Klenow, Peter J.; Li, Huiyu;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link Citations: 2 (based on OpenCitations)
7. Productivity slowdown : reducing the measure of our ignorance
Boppart, Timo; Li, Huiyu;2023
Type: Aufsatz im Buch; Book section;
8. Labor supply when productivity keeps growing
Boppart, Timo; Krusell, Per; Olsson, Jonna;2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
9. The macroeconomics of intensive agriculture
Boppart, Timo; Kiernan, Patrick; Krusell, Per; Malmberg, Hannes;2023
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability:
Link 10. The Macroeconomics of Intensive Agriculture
abstractDeveloping countries employ a very large share of their workforce in agriculture, a sector in which their labor productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct a new database with systematic measures of inputs and outputs of agricultural production around the globe. The data exhibits strong neoclassical features: going from poor to rich countries, capital and intermediate input prices decline dramatically relative to labor prices; concurrently, capital and intermediate input use in agriculture increases by a factor of 300-800 relative to labor. Input intensification accounts for a bit less than two thirds of the agricultural labor productivity gap between the poorest and richest countries. Our observations are well explained by an aggregate agricultural production function with input substitutabilities significantly above unity. On the demand side, standard non-homothetic preferences accurately capture how the expenditure share of agricultural goods varies across the development spectrum. We incorporate our findings into a closed-economy general-equilibrium model with minimal distortions, showing that non-agricultural TFP differences play a much more important role than agricultural TFP differences in explaining income differences
Boppart, Timo; Kiernan, Patrick; Krusell, Per; Malmberg, Hannes;2023
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link Link