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El estudio de las preferencias es uno de los temas menos tratados por la econometría aplicada. En el presente artículo se pretende realizar una aproximación translogarítimica de las preferencias por medio de la construcción de un Índice de Satisfacción de los Hogares (ISH) con base al...
Persistent link: https://www.econbiz.de/10005076523
Economic research by and large is dominated by a ‘rationality’ paradigm. Economic decision making within this paradigm is viewed as a maximising procedure. In general the latter represents the decision-making as a choice amongst a well defined set of alternatives. In this paper we question...
Persistent link: https://www.econbiz.de/10005556141
effect on a child's enrollment. We also use this shock to test several theories of intra-household allocation and find little …
Persistent link: https://www.econbiz.de/10005413016
the assumption that there is no within household inequality. In this paper, we show that ignoring consumption inequality … households. Second, the rise in inequality since the 1970s is overstated by two-thirds: within house-hold inequality declined … on wages and hours worked can simultaneously explain virtually all of the decline in within household inequality and a …
Persistent link: https://www.econbiz.de/10005556802
The methodology by Lazear and Michael (1988) is used to decompose household expenditures into that for adults and … household level heterogeneity. In addition, a new and approximate test for the estimated ratios is applied. The empirical … reflect stability of marriage indicating that ‘optimal’ matching in the marriage market is an important determinant of intra-household …
Persistent link: https://www.econbiz.de/10005118701
separability in preferences. Panel/longitudinal data are used helping to control for household level heterogeneity. The empirical … household income affect male members of households (men and boys) more than female members (women and girls). On the other hand …, changes in price affect women and boys more than men and girls. In addition, adjustments in household expenditure due to …
Persistent link: https://www.econbiz.de/10005118808
Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to construct an intertemporal budget constraint for selected single headed households. A new functional form of the dual consumer profit function rationalizing consumption, labor supply...
Persistent link: https://www.econbiz.de/10005125687
This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit markets. The simulated numerical solution to...
Persistent link: https://www.econbiz.de/10005135011
Paper presents a survey of five different approaches to retirement decision analysis. Simple life cycle labour supply model leads to a classical optimization problem of choice between work and leisure, but it is highly limited in explaining retirement decision as a static approach. Comparative...
Persistent link: https://www.econbiz.de/10005135080
Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to construct an intertemporal budget constraint for selected single headed households. A new functional form of the dual consumer profit function rationalizing consumption, labor supply...
Persistent link: https://www.econbiz.de/10005561778