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Kinky Choices, Dictators and Split Might: A Non-Cooperative Model for Household Consumption and Labor Supply
Boone, Jan; van der Wiel, Karen; Vermeulen, Frederic - C.E.P.R. Discussion Papers - 2009
on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor … expenses on children's goods that act as a public good in the spouses' preferences. We find that for couples with two or three … children the standard unitary model is strongly rejected in favor of our non-cooperative model. Moreover, it turns out that for …
Persistent link: https://www.econbiz.de/10005039583
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Collective Labour Supply: Heterogeneity and Non-Participation
Blundell, Richard William; Chiappori, Pierre-André; … - C.E.P.R. Discussion Papers - 2005
We present identification and estimation results for the 'collective' model of labour supply in which there are … married couples without children. The implications of the unitary framework are rejected while those of the collective …
Persistent link: https://www.econbiz.de/10005504396
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Consistency in Simple vs. Complex Choices over the Life Cycle
Brocas, Isabelle; Carrillo, Juan D; Combs, T. Dalton; … - C.E.P.R. Discussion Papers - 2015
Employing a variant of GARP, we study consistency in aging by comparing the choices of younger adults (YA) and older adults (OA) in a 'simple', two-good and a `complex' three-good condition. We find that OA perform worse than YA in the complex condition but similar in the simple condition....
Persistent link: https://www.econbiz.de/10011186610
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Uncertainty and Consumer Durables Adjustment
Bertola, Giuseppe; Guiso, Luigi; Pistaferri, Luigi - C.E.P.R. Discussion Papers - 2002
We study infrequent durables stock adjustment by consumers who also derive utility from non-durable consumption flows, in the presence of idiosyncratic income uncertainty. We first characterize how the extent of uncertainty bears theoretically on the cross-sectional distribution of the...
Persistent link: https://www.econbiz.de/10005114208
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Subprime Consumer Credit Demand: Evidence from a Lender's Pricing Experiment
Alan, Sule; Lóránth, Gyöngyi - C.E.P.R. Discussion Papers - 2012
Using a unique panel data set from a UK credit card company, we analyze the interest rate sensitivity of subprime credit card borrowers. In addition to all individual transactions and loan terms, we also have access to details of a randomized interest rate experiment conducted by the lender on...
Persistent link: https://www.econbiz.de/10011083560
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To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
Fischer, Greg; Karlan, Dean S.; McConnell, Margaret; … - C.E.P.R. Discussion Papers - 2014
Pricing policy for any experience good faces a key tradeoff. On one hand, a price reduction increases immediate demand and hence more people learn about the product. On the other hand, lower prices may serve as price anchors and, through a comparison effect, decrease subsequent demand. This...
Persistent link: https://www.econbiz.de/10011083717
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Non-Separable Preferences and Frisch Labor Supply: One Solution to a Fiscal Policy Puzzle
Bilbiie, Florin Ovidiu - C.E.P.R. Discussion Papers - 2009
This paper proposes a theoretical explanation of the empirical finding that private consumption increases in response to an increase in government spending. The explanation requires two ingredients. First, labor demand expands (e.g. prices are sticky). Second, general non-separable preferences...
Persistent link: https://www.econbiz.de/10008459766
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From Shame to Game in One Hundred Years: The Rise in Premarital Sex and its Destigmitization
Fernández-Villaverde, Jesús; Greenwood, Jeremy; … - C.E.P.R. Discussion Papers - 2011
Societies socialize children about sex. This is done in the presence of peer-group effects, which may encourage … undesirable behavior. Parents want the best for their children. Still, they weigh the marginal gains from socializing their … children against its costs. Churches and states may stigmatize sex, both because of a concern about the welfare of their flocks …
Persistent link: https://www.econbiz.de/10009371463
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Is Cannabis a Stepping-Stone for Cocaine?
Ours, Jan C van - C.E.P.R. Discussion Papers - 2001
This Paper uses a unique dataset collected among inhabitants of Amsterdam, to study the dynamics in the consumption of cannabis and cocaine. If people start using these drugs they are most likely to do so at age 18-20 for cannabis and age 20-25 for cocaine. An analysis of the starting rates...
Persistent link: https://www.econbiz.de/10005497739
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Asymmetric Sequential Search under Incomplete Information
Minchuk, Yizhaq; Sela, Aner - C.E.P.R. Discussion Papers - 2015
We study a two-stage sequential search model with two agents who compete for one job. The agents arrive sequentially, each one in a different stage. The agents' abilities are private information and they are derived from heterogeneous distribution functions. In each stage the designer chooses an...
Persistent link: https://www.econbiz.de/10011276381