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relationships among household members poses challenges for benefit estimation since it is unlikely that the conditions necessary for … recovering the underlying individual preferences from household choices are satisfied in this setting. We propose a conceptual … relationships for household members of different ages to test the implications of our conceptual model. Respondents' choices take …
Persistent link: https://www.econbiz.de/10013095631
Persistent link: https://www.econbiz.de/10011714193
We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...
Persistent link: https://www.econbiz.de/10013101512
This paper examines unintended effects of air quality regulation on decisions of major polluters, using plant data for 1963 to 1992. A key regulatory tool since 1978 is the annual designation of county air quality attainment status, where non-attainment status triggers specific equipment...
Persistent link: https://www.econbiz.de/10013322881
Persistent link: https://www.econbiz.de/10009763291
The economic and social mobility of a generation may be largely determined by the time it enters school given early developing and persistent gaps in child achievement by family income and the importance of adolescent skill levels for educational attainment and lifetime earnings. After providing...
Persistent link: https://www.econbiz.de/10013026300
In our incomplete markets economy financial frictions affect the optimal inflation target. Households choose portfolios consisting of risky (uninsurable) capital and money. Money is a bubbly store of value. The market outcome is constrained Pareto inefficient due to a pecuniary externality. Each...
Persistent link: https://www.econbiz.de/10012995520
In this paper we analyze income tax design in a two member household labor supply model where time spent on consumption … together by the two household members is valued differently from time spent apart. We treat consumption as a non excludable … public good to members of the household; one example would be where all household members or one alone can watch TV. When …
Persistent link: https://www.econbiz.de/10012773314
Persistent link: https://www.econbiz.de/10011637271
critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the … aggregate fertility on household savings …
Persistent link: https://www.econbiz.de/10013053493