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This paper uses detailed diary information from the British Family Expenditure Survey (FES) to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury...
Persistent link: https://www.econbiz.de/10001642971
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 - 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...
Persistent link: https://www.econbiz.de/10001663196
Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk and car insurance using data from the UK. The main...
Persistent link: https://www.econbiz.de/10001573180
covering nineteen out of thirty Chinese provinces. We consider expenditures on food, also subdivided into several food … budget shares and total expenditures, but assumes that the demographic variables enter the model in a linear way. We correct … for potential endogeneity of total expenditures. Our results suggest that there are economies of scale in families …
Persistent link: https://www.econbiz.de/10013268745
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We investigate the effect of counseling and monitoring on the individual transition rate to employment. We theoretically analyze these policies in a job search model with two search channels and endogenous search effort. In the empirical analysis we use unique administrative and survey data...
Persistent link: https://www.econbiz.de/10001635452
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