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Studies of the joint time-use decisions of spouses have relied on joint estimation of time-use equations, sometimes assuming correlated errors across spouses' equations and sometimes directly examining the effects of one spouse's time use on another's, relying on panel data or instrumental...
Persistent link: https://www.econbiz.de/10010259539
Persistent link: https://www.econbiz.de/10011817899
A shift in population distribution toward older ages is underway in industrialised countries throughout the world and will continue well into the future. We provide a framework for isolating the pure effects of population aging on per capita GDP, employ the framework in calculations for the ten...
Persistent link: https://www.econbiz.de/10012930777
The recent availability of longitudinal data from low-income countries makes possible for the first time the identification of the consequences of growth-augmenting innovations for household income change. However, it has become increasingly recognized that both the analysis and design of panel...
Persistent link: https://www.econbiz.de/10014122070
We present a model of market participation in which the presence of nonnegligible fixed costs leads to non-zero censoring of the traditional double-hurdle regression. Fixed costs arise when household resources must be devoted a priori to the decision to participate in the market. These costs -...
Persistent link: https://www.econbiz.de/10014109626
In response to income fluctuations, households smooth consumption by substituting between market expenditure and time inputs. This paper provides evidence of this substitution in the context of food consumption over transitory and permanent income fluctuations in Mexico. Household time...
Persistent link: https://www.econbiz.de/10013065212
Why are average hours worked per adult lower in rich countries than in poor countries? We consider two natural explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012834992
Why are average hours worked per adult lower in rich countries than in poor countries? Weconsider two natural explanations: income effects in preferences, in which leisure becomesmore valuable when income rises, and distortionary tax systems, which are more prevalentin richer countries. To...
Persistent link: https://www.econbiz.de/10012836558
Why are average hours worked per adult lower in rich countries than in poor countries? We consider two natural explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012202806
Why are average hours worked per adult lower in rich countries than in poor countries? We consider two natural explanations: income effects in preferences, in which leisure becomes more valuable when income rises, and distortionary tax systems, which are more prevalent in richer countries. To...
Persistent link: https://www.econbiz.de/10012211038