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A recent literature has advanced the use of Engel curves to estimate overall CPI bias. In this paper, I show that the methodology is sensitive to the modeling of household demography. Existing estimates of CPI bias do not account for the changing effect of household size on budget shares, and...
Persistent link: https://www.econbiz.de/10005248837
Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples …-force participation from 1900 to 1980, (v) the baby boom from 1936 to 1972. Growth theory models are presented to address all of these …
Persistent link: https://www.econbiz.de/10005084673
The twenty-fifth anniversary of the publication of Gary Becker's path-breaking "Treatise on the Family" provides an occasion to reexamine both the American family and family economics. We begin by discussing how families have changed in recent decades: the separation of sex, marriage, and...
Persistent link: https://www.econbiz.de/10005084759
We document key facts about marriage and divorce, comparing trends through the past 150 years and outcomes across demographic groups and countries. While divorce rates have risen over the past 150 years, they have been falling for the past quarter century. Marriage rates have also been falling,...
Persistent link: https://www.econbiz.de/10005085292
As economic recessions reduce employment and wages, associated shifts in time and income constraints would be expected to also impact individuals' health behaviors. Prior work has focused exclusively on recreational exercise, which typically represents only about 4% of total daily physical...
Persistent link: https://www.econbiz.de/10009294558
We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective...
Persistent link: https://www.econbiz.de/10005717967
This paper is the first systematic attempt to measure the existence and degree of dowry inflation in South Asia. The popular press and scholarly literature have assumed dowry inflation in South Asia for some time, and there are now a number of theoretical papers that have attempted to explain...
Persistent link: https://www.econbiz.de/10005829188
Household economies of scale arise when households with multiple members share public goods, making larger households better off at lower per capita expenditures. While estimates of household economies of scale are critical for measuring income and living standards, we do not know how these...
Persistent link: https://www.econbiz.de/10005829671
Do adult children affect the care elderly parents provide each other? We develop two models in which the anticipated behavior of adult children provides incentives for elderly parents to increase care for their disabled spouses. The "demonstration effect" postulates that adult children learn...
Persistent link: https://www.econbiz.de/10005830550
What determines bargaining power in marriage? This paper argues that wage rates, not earnings, determine well-being at the threat point and, hence, determine bargaining power. Observed earnings at the bargaining equilibrium may differ from earnings at the threat point because hours allocated to...
Persistent link: https://www.econbiz.de/10005774616