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 …

time to different activities. In order to do so, we empirically estimate a collective household labor supply model. The … main findings are that: (1) Leisure and household income are the most important variables in the utility function of the … male; (2) Leisure, total household production and total household production interacted with family size are important …

We investigate the relationship between social interaction and household finances using data from the British Household … household finances and social interaction, rather than focusing one particular facet of household finances, such as the holding … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

This paper explores the importance of the household's financial position for an individual's level of well … household's monetary financial position on overall life satisfaction and financial well-being, with the latter being measured by … indicate that the household's level of net wealth, assets and debt are important determinants of overall life satisfaction and …

We investigate the role of financial advice in shaping the composition of household portfolios in Great Britain. Advice …

category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …

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 …