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-market activities, reducing leisure time and mostly increasing time devoted to household production. Similar results are found using …-side explanation for the frequently observed discrete drop from full-time work to complete retirement …
Persistent link: https://www.econbiz.de/10012465527
Persistent link: https://www.econbiz.de/10013336569
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … duration and the split of time between household production and leisure. U.S. data for 2003-2006 show that almost none of the … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In …
Persistent link: https://www.econbiz.de/10012463971
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within household …
Persistent link: https://www.econbiz.de/10012458473
household production. Simulations using GMM estimates of a Stone-Geary utility function defined over time use suggest no effect … on household production in either country. Estimation of a household model shows only slight evidence that spouses shared …
Persistent link: https://www.econbiz.de/10012460017
Our study shows that the household production theory illuminates the behavior of households in the allocation of time … and consumption expenditures. Among the noteworthy findings derived from our data, the various household non-market time … rates for both young and elderly households reduces their time spent on household nonmarket activities, such as child care …
Persistent link: https://www.econbiz.de/10012474567
Using scanner data and time diaries, we document how households substitute time for money through shopping and home production. We find evidence that there is substantial heterogeneity in prices paid across households for identical consumption goods in the same metro area at any given point in...
Persistent link: https://www.econbiz.de/10012467076
Information frictions imply it is reasonable to expect the same commodity, in a given location, to sell for different prices at the same time. Aguiar and Hurst (AH) [2007] demonstrate how the search behavior implied by these price differences can be used estimate the opportunity cost of time....
Persistent link: https://www.econbiz.de/10012455332
Over the past century fertility behavior in the United Stated has undergone profound changes Measured by cohort fertility the average number of children per married woman had declined from about 5.5 children at the time of the Civil War to 2.4 children at the time of the Great Depression. It is...
Persistent link: https://www.econbiz.de/10012479104
related or not, even with the best data. We thus look at household finances and find that individuals delever upon retirement … retirement. The longitudinal nature of our data allows us to estimate individual fixed-effects regressions and thereby control … for all selection on time-invariant (un)observables. We provide new evidence on the retirement-consumption puzzle and on …
Persistent link: https://www.econbiz.de/10012453309