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Homework in Monetary Economics : Inflation, Home Production, and the Production of Homes
Aruoba, S. Borağan - 2012
We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market … activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation … increases the (appropriately deflated) value of the housing stock. This is documented in various data sources. A calibrated …
Persistent link: https://www.econbiz.de/10013102709
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Homework in Monetary Economics : Inflation, Home Production, and the Production of Homes
Aruoba, S. Boragan - 2012
We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market … activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation … increases the (appropriately deflated) value of the housing stock. This is documented in various data sources. A calibrated …
Persistent link: https://www.econbiz.de/10012460384
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Reforming family taxation in Germany : labor supply vs. insurance effects
Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2013
The present paper quantifies the economic consequences of eliminating the system of income splitting in Germany. We apply a dynamic simulation model with overlapping generations where single and married agents have to decide on labor supply and homework facing income and lifespan risk. The...
Persistent link: https://www.econbiz.de/10010231591
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Couples' time together : complementarities in production versus complementarities in consumption
Mansour, Hani; McKinnish, Terra G. - 2013
Economists have previously suggested that gains from marriage can be generated by complementarities in production (gains from specialization and exchange) or by complementarities in consumption (gains from joint consumption of household public goods and joint time consumption). This paper uses...
Persistent link: https://www.econbiz.de/10010229530
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Immigrants, household production and women's retirement
Peri, Giovanni; Romiti, Agnese; Rossi, Mariacristina - 2013
Women contribute disproportionately to household production, especially in Southern European countries. As a consequence of population aging assistance to elderly parents, rather than child care, has become a prevalent activity in home-production services. Immigrant labor has increasingly become...
Persistent link: https://www.econbiz.de/10009787346
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Reforming family taxation in Germany : labor supply vs. insurance effects
Fehr, Hans; Kallweit, Manuel; Kindermann, Fabian - 2013
The present paper quantifies the economic consequences of eliminating the system of income splitting in Germany. We apply a dynamic simulation model with overlapping generations where single and married agents have to decide on labor supply and homework facing income and lifespan risk. The...
Persistent link: https://www.econbiz.de/10009792209
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Revisiting the role of home production in life-cycle labor supply
Faberman, R. Jason - 2015
This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with previous studies, ignoring an individual's time spent on home production when estimating the Frisch elasticity of labor supply biases its estimate downwards. I also show, however,...
Persistent link: https://www.econbiz.de/10010509104
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Aggregation with two-member households and home production
Vasilev, Aleksandar - 2016
This note explores the problem of family labor supply decision in an economy with two-member households, joint home production, and fixed cost of joint labor supply. Even though the labor supply decisions are not indivisible per se, the presence of such fixed cost and partners with unequal labor...
Persistent link: https://www.econbiz.de/10011498639
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Aggregation with a mix of indivisible and continuous labor supply decisions : the case of home production
Vasilev, Aleksandar - 2015
This note explores the problem of non-convex labor supply decision in an economy with both discrete and continuous labor decisions. In contrast to the setup in Mc- Grattan, Rogerson and Wright (1997), here each household faces an indivisible labor supply choice in the market sector, while it can...
Persistent link: https://www.econbiz.de/10011498647
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Aggregation with two-member households and home production
Vasilev, Aleksandar - 2017
This note explores the problem of family labor supply decision in an economy with two-member households, joint home production, and fixed cost of joint labor supply. Even though the labor supply decisions are not indivisible per se, the presence of such fixed cost and partners with unequal labor...
Persistent link: https://www.econbiz.de/10011659963