-1980s. This paper has three main findings. First, the decline in saving started in 1983, a couple of years earlier than … increased their consumption. Finally, the rapid increase in housing prices in 1985-86 may have been an important determinant of … older and retired households' saving through reversed mortgages, but cannot on its own explain the decline in savings that …

Structural models of lifetime labour supply and consumption require functional specifications of preferences as well as … extent predicted distributions of lifetime consumption are robust with respect to the specification of preferences. The … simulation results show that simulated distributions of lifetime consumption strongly depend on the estimate of the intertemporal …

Several previous studies have argued that marriage leads to a decline in criminal propensity. Most of these studies … marriage are anticipatory and strongest for men. The changes in offending vary substantially by partner’s criminal history. …

The consumption of storable goods does not necessarily equal purchases during a period because of changes in stock. In … many cases, we have information about expenditures only, not consumption. A method is developed to obtain an estimate of … consumption and changes in stock when only expenditure data are available. In addition to expenditure data, the method requires …

In this paper we discuss a particular marriage model, i.e., a model for the number of marriages for each age … assumptions about the distribution of the preferences, a convenient expression for the corresponding structural marriage model …