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Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
Persistent link: https://www.econbiz.de/10013228344
asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …
Persistent link: https://www.econbiz.de/10013293277
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 …
Persistent link: https://www.econbiz.de/10013316615
We consider a non-cooperative model of the household, in which the husband and wife decide on parental leave and the …
Persistent link: https://www.econbiz.de/10013311580
Decisions concerning marriage, fertility, participation, and the education of children are explained using a two-stage game-theoretical model. The paper examines the effects of (i) family law (cost of obtaining a divorce, alimony, availability of quasi-marriages such as PACS in France, and civil...
Persistent link: https://www.econbiz.de/10013316739
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 …
Persistent link: https://www.econbiz.de/10010276978
African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto … inefficiency of a household resource allocation does not however refute the hypothesis that it chooses this resource allocation as … if it maximises some form of household welfare function possessing the Pareto property. To refute that hypothesis it is …
Persistent link: https://www.econbiz.de/10010264378
We estimate the marginal external congestion cost of motor-vehicle travel for Rome, Italy, using a methodology that accounts for hypercongestion (a situation where congestion decreases a road’s throughput). We show that the external cost – even when roads are not hypercongested...
Persistent link: https://www.econbiz.de/10012867018
This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social criterion can, under some conditions, imply a COVID19...
Persistent link: https://www.econbiz.de/10013314954
both spouses maximize a household utility function. We assume that paid labor and housework are the endogenous choice … variables and furthermore consider household production. Surinamese/Antillean and Turkish women differ from Dutch women because … they value (joint) household production more in their utility function. Surinamese/Antillean and Turkish men, on the other …
Persistent link: https://www.econbiz.de/10010276984