On Apr 21, 2007, at 2:31 PM, bitch at pulpculture.org wrote:
> thanks! and it's a laff-a-minute, too, with paragraphs like this:
>
> 5.1 One Norm for All, NoWithin-Gender Heterogeneity
> Imagine that, in the absence of a social norm, consumers maximize the
> linear-quadratic utility function
> C - (1/2.)(1 - L)2 (1)
> subject to constraints
> C = + wH, (2)
> H + L = 1, (3)
> where C and L denote consumption and leisure, w is the wage
> rate, represents non-labor income,
> the parameter . > 0 is an (inverse) index of the disutility of
> work, and
> without loss of generality the
> amount of available time is normalized to 1.8 Optimal leisure is then
> L = 1 - .w.
Standard mainstream economics. Pick up an issue of the American Economic Review - it's funnier than SNL is these days. Fuck their theory; the empirical parts are interesting.
Hamermesh has some fun stuff on beauty in the labor market. Check it out. That's not so funny.
Doug