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We study the labor supply dynamics of elderly couples by means of a structural collective model.The model allows for general externalities with respect to spouses leisure.Preferences and the intrahousehold bargaining process are identified by using panel data with couples and individuals who...
Persistent link: https://www.econbiz.de/10011092793
In a binary choice panel data model with individual effects and two time periods, Manski proposed the maximum score estimator, based on a discontinuous objective function, and proved its consistency under weak distributional assumptions. However, the rate of convergence of this estimator is low...
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that the majority of the sales promotion elasticity, about 74 percent on average, is attributed to secondary demand effects … empirical results for this measure.We also derive analytical expressions that transform the elasticity decomposition into a … insight into the magnitude of the difference, we apply these expressions to previously reported elasticity decomposition …
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The paper employs an extended Yaari-Blanchard model of overlapping generations to study how the macroeconomy is affected over time by various demographic changes.It is shown that a proportional decline in fertility and death rates has qualitatively similar effects to capital income subsidies;...
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CJEL Classifications: 35; I20; J24;
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