asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …

a conditional cash transfer program (CCT) to low-income families with dependent children on household members' labor …

, desired working hours, and household debt, but have only small effects on expected spending. We provide correlational and … household exposure to stock market crashes for expectation formation …

In this paper we consider an empirical collective household model of time allocation for two-earner households. The … novelty of this paper is that we estimate a version of the collective household model, where the internally produced goods and … are equally weighted in the household utility function; (3) Differences in the ratio of the partners' hourly wages are …

We consider a non-cooperative model of the household, in which the husband and wife decide on parental leave and the …

the framework of ‘the new quantitative trade model.’ We complement theory with a simple two-stage estimating procedure …

mechanism considered in the paper is based on that multiproduct shipments allow splitting fixed costs per shipment across many … products and, therefore, reducing total shipment costs. As a result, more developed countries tend to have lower fixed costs …-product shipments in determining shipping costs …

of immobile residents. Investment is costly: Quadratic installation and de-installation costs limit the mobility of … and effects of changes in installation costs are ambiguous …

a real business cycle (RBC) model with habit formation and capital adjustment costs and that neglecting risk leads to …