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We propose a novel structural method to empirically identify economies of scale in household consumption. We assume collective households with consumption technologies that define the public and private nature of expenditures through Barten scales. Our method recovers the technology by solely...
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Einleitung: Demographische Prozesse laufen nach dem Schneeballprinzip ab. Die Historie einer Population bestimmt entscheidend ihre Zukunft. Ist ein demographischer Prozeß ins Rollen gebracht worden, dann kann er nur schwerlich gestoppt werden. Von daher sind demographische Trends für die nahe...
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This paper revisits the standard model of labor supply under two additional assumptions: consumption requires time and some limited amount of work is enjoyable. Whereas introducing each assumption without the other one does not produce novel insights, combining them together does if the wage...
Persistent link: https://www.econbiz.de/10011607470
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience, and we reason...
Persistent link: https://www.econbiz.de/10011578809
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
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In der Studie werden nachhaltigkeitsbezogene Einstellungen und Verhaltensweisen junger Menschen dargestellt. Dabei geht es um Konsumwelt, Bezüge zu Klimawandel und Anknüpfungspunkte zur Beförderung von Nachhaltigkeit. Dazu werden charakteristische Konsumtypen skizziert. Auf Basis der...
Persistent link: https://www.econbiz.de/10011338543