We examine linkages between aggregate household income, distribution of that income, and aggregate cross … household specifications in computational policy models emphasizing household distribution of income. This also yields a … consumption-pattern based inequality index that summarizes the projection of inequality through expenditure patterns. Estimation …

incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

In this paper we consider an empirical collective household model of time allocation for twoearnerhouseholds. The … equally weighted in the household utility function; (3)Differences in the ratio of the partners' hourly wages are explanatory … for how individualutilities are weighted in the household utility function. (4) The female's preference forhousehold …

This paper studies the heterogeneity of the marginal propensity to consume out of wealth based on French household …

to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the … household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time …

In this paper an empirical model is developed where the collective household model is used as a basic framework to … describe the time allocation problem. The collective model views household behavior as the outcome of maximizing a household … individual utility functions and the household power weight distribution, which is parameterized per household. The model is …

children and spousal specialization in home production of public goods and child care. We then study how child care provision …