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on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10004969337
collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …
Persistent link: https://www.econbiz.de/10005822743
This paper finds declining consumption expenditure between paydays, for a typical household in the working population …
Persistent link: https://www.econbiz.de/10005703008
We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …
Persistent link: https://www.econbiz.de/10005762164
wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …
Persistent link: https://www.econbiz.de/10005566824
In this paper, we study the short-run effect of salary receipt on mortality among Swedish public sector employees. By exploiting variation in pay-days across work-places, we completely control for mortality patterns related to, for example, public holidays and other special days or events...
Persistent link: https://www.econbiz.de/10010886134
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010884223
The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental...
Persistent link: https://www.econbiz.de/10011268327
consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be …
Persistent link: https://www.econbiz.de/10011279275
weight and obesity rates. We first introduce the concept of novelty consumption, which refers to an increase in food … availability due to trade or innovation. Then we study how novel food products alter the optimal consumption bundle and welfare … experiment of economic development. Our data elicit detailed information on East Germans' food consumption, body mass, and diet …
Persistent link: https://www.econbiz.de/10011264784