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Estimating Consumption Economies of Scale, Adult Equivalence Scales, and Household Bargaining Power

Browning, Martin; Chiappori, Pierre-Andre - Department of Economics, Oxford University - 2006

couple save on consumption goods by living together versus living apart? We propose and estimate a collective model of … utility functions of its members, a bargaining or social welfare function, and a consumption technology function. We … indifference scales, as well as consumption economies of scale, the household`s resource sharing rule or members` bargaining power …

Persistent link: https://www.econbiz.de/10005047732

Estimating Discount Functions with Consumption Choices over the Lifecycle

Tobacman, Jeremy; Laibson, David - Department of Economics, Oxford University - 2007

consumption model and the Method of Simulated Moments. The model includes stochastic labor income, liquidity constraints, child …-run and long-run discount rates to differ. Data on retirement wealth accumulation, credit card borrowing, and consumption …

Persistent link: https://www.econbiz.de/10005047960

Kinship and Consumption: The Effect of Spouses' Outside Options on Household Productivity

Telalagic, Selma - Department of Economics, Oxford University - 2014

matrilineal households (where women have access to land) have 10% higher consumption than patrilineal households (where women have …

Persistent link: https://www.econbiz.de/10011004148

Estimating Intertemporal Allocation Parameters using Simulated Expectation Errors

Browning, Martin; Alan, Sule - Department of Economics, Oxford University - 2006

in consumption, the `news` in interest rate realisations and for heterogeneity in discount factors. …

Persistent link: https://www.econbiz.de/10005047742

Does Housework Lower Wages and Why? Evidence for Britain

Sevilla-Sanz, Almudena; Bryan, Mark L. - Department of Economics, Oxford University - 2007

Women working full-time in the UK earn on average about 18% per hour less than men (EOC, 2005). Traditional labour economics has focussed on gender differences in human capital to explain the gender wage gap. Although differences in male and female human capital are recognized to derive from...

Persistent link: https://www.econbiz.de/10005090652

Pre-Marital Fertility and Labour Market Opportunities: Evidence from the 1970 British Cohort Study

Bono, Emilia Del - Department of Economics, Oxford University - 2004

This paper investigates the effect of earnings and employment opportunities on pre-marital fertility. Using data from a sample of British women born in 1970, we estimate an independent competing risk harzard model of fertility and cohabitation decisions. Our results show that individual earnings...

Persistent link: https://www.econbiz.de/10005090681

A Note on Leisure Inequality in the US: 1965-2003

Sanz, Almudena Sevilla; Nadal, Jose Ignacio GImenez - Department of Economics, Oxford University - 2007

Despite the well-documented increase in the relative wages and expenditures of highly-educated individuals in the U.S. in recent decades, leisure inequality mirrors inequality of wages, i.e. we observe that highly-educated individuals have now relatively less leisure time than lower-educated...

Persistent link: https://www.econbiz.de/10005047706

Management of a Capital Stock by Strotz`s Naive Planner

Tyson, Christopher - Department of Economics, Oxford University - 2006

A generalized version of the capital management problem posed in a classic paper by R.H. Strotz is analyzed for the case of the naive planner who fails to anticipate any impending change in his own preferences. By imposing progressively stronger restrictions on the primitive of the problem -...

Persistent link: https://www.econbiz.de/10010604824

Consumption, "Credit Crunches" and Financial Deregulation.

Scott, A. - Department of Economics, Oxford University - 1996

We examine whether credit contributes to business cycle fluctuations by dirctly affecting consumption rather than …

Persistent link: https://www.econbiz.de/10005047906

Longevity, Life-cycle Behavior and Pension Reform

Prowse, Victoria; Haan, Peter - Department of Economics, Oxford University - 2011

, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …

Persistent link: https://www.econbiz.de/10009190181