Tag
opportunity_cost
6 findings
Labour & employmentEmployed vs. Unemployed MVT DivergenceThe overall sample (including employed workers) yields a higher implied flow value of time ($\tilde{z} = 0.64, s.e. = 0.03$) compared to the unemployed sample ($\tilde{z} = 0.58, s.e. = 0.04$), reflecting inter-job hours substitution costs among employed applicants.RCTSociety & networksFemale Opportunity Cost Model of Marriage and FertilityExposure to business process outsourcing recruitment caused a 5.1 percentage point reduction in the likelihood of being married (p < 0.05) and a 5.7 percentage point reduction in having given birth (p < 0.05), alongside a 0.35 decline in lifetime desired fertility (p < 0.01).RCTEducationLabor Market Opportunity Cost PullBroad expansion in low-skill formal export manufacturing jobs substantially raised the probability of quitting upper secondary school for youth on the dropout margin at age 16.Observational StudyEducationOut-of-School Scheduling FrictionScheduling sessions outside normal class hours resulted in a 70.0% zero-attendance rate for cognitive behavioral therapy workshops and a 97.0% zero-attendance rate for supplementary mathematics tutoring.RCTLabour & employmentTotal Opportunity Cost Parameter (z)Accounting for commuting costs (+0.06), foregone welfare benefits (+0.06), and childcare expenses elevates the baseline non-work value ($\tilde{z} = 0.58$) to a comprehensive total opportunity cost parameter of $z = 0.72$ under monopsony assumptions, or $z = 0.87$ under Diamond-Mortensen-Pissarides assumptions.RCTLabour & employmentOpportunity Cost of Vocational TrainingShort-term labor earnings in the treatment group fell by 10,494 FCFA/month (-25%, p < 0.001) due to reductions in wage work (-6,414 FCFA) and self-employment (-6,381 FCFA). The monthly program stipend of 10,213 FCFA fully offset these forgone earnings, resulting in zero net change in total short-term income.RCT