The model behind the research is available for scientists and policymakers to design their own scenarios for bioenergy, conduct sensitivity analysis, and get immediate feedback showing the full dynamics, including both short and long run impacts.
We then specify and estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms behind these behavioral responses, carry out counterfactual analysis with longer run impacts and evaluate the welfare effects of the program.
As Heckman et al. (2002) point out, bringing workers into employment can have longer run impacts on workers' human capital and employment path.
Somi et al [3] noted that health shocks and their associated costs have both short and long run impacts on household welfare.
Where all variables are as defined above, p, q and s are lag orders and α 2 = − β 2/β 0, α 3 = − β 3/β 0, the aforementioned long run impacts of respectively oil price increase and oil price reduction on the food price.
We then specify and estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms behind these behavioral responses, carry out counterfactual analysis with longer run impacts and evaluate the welfare effects of the program.
