The economic and contracting issues of in-home child care: the nanny market
This thesis is an industry study of the market for in-home child care--a market which has developed rapidly in the past 10 years. The economic considerations discussed herein are the market-making characteristics of demand (for nannies), supply (availability of an appropriately skilled labor pool--f...
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| Format: | Others |
| Language: | en |
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Virginia Tech
2014
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| Online Access: | http://hdl.handle.net/10919/44147 http://scholar.lib.vt.edu/theses/available/etd-08042009-040303/ |
| Summary: | This thesis is an industry study of the market for in-home child care--a market which has developed rapidly in the past 10 years. The economic considerations discussed herein are the market-making characteristics of demand (for nannies), supply (availability of an appropriately skilled labor pool--from both the legal and illegal market), price (wage levels and premiums) and the contracting issues of asymmetric information, search costs, transaction costs, uncertainty and risk. The market is best-explained as a search model and its behavior is driven by solutions to contracting problems. === Master of Arts |
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