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Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within-household … allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …
Persistent link: https://www.econbiz.de/10014025329
the recovery of theory-consistent discount rates for each individual within a particular household under study. We find … household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and … renegotiation within the collective unit. An empirical application to household-level microdata highlights that an explicit …
Persistent link: https://www.econbiz.de/10010356826
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In this paper, we analyze the nature of intra-household allocations and commitment using unique panel data on … individual-specific within-household consumption expenditures and on time used for leisure, market production and home production …. Specifically we estimate a dynamic collective model of the household in which husbands and wives care about private consumption …
Persistent link: https://www.econbiz.de/10010255369
We develop a novel framework to analyze the structural implications of the marriage market for household consumption …. We define a revealed preference characterization of efficient household consumption when the marriage is stable … characterization generates testable conditions even with a single consumption observation per household and heterogeneous individual …
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This paper provides an efficient way to generate a set of random choices on a set of budgets which satisfy the Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn from an approximate uniform distribution on the...
Persistent link: https://www.econbiz.de/10009580101
aim is to determine the effects of the 2002 reforms of the value added tax (VAT) rate on aggregate household welfare … decreased aggregate household welfare; (2) the reforms further affected the welfare of households in the first three quintiles … household welfare without compromising on tax revenues. …
Persistent link: https://www.econbiz.de/10012304820