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Household saving and full consumption over the life cycle
Apps, Patricia; Rees, Ray - 2001
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10011401086
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Capital income taxation and household production
Apps, Patricia; Rees, Ray - 2015
The Atkinson-Stiglitz Theorem and its extensions have been interpreted as implying that capital income should not be taxed. If, as seems reasonable on empirical grounds, we introduce production of household goods with close market substitutes, this conclusion no longer holds. We analyse optimal...
Persistent link: https://www.econbiz.de/10011428699
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Common law marriage and male/female convergence in labor supply and time use
Grossbard-Shechtman, Shoshana; Vernon, Victoria - 2014
Does availability of common law marriage (CLM henceforth) in the U.S help explain variation in the labor force participation, hours of work and hours of household production of men and women over time and across states? As CLM offers more legal protection to household producers at the margin...
Persistent link: https://www.econbiz.de/10010239260
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Introduction to a theory of the allocation of time by Gary Becker
Heckman, James J. - 2014
Gary Becker's classic study, A Theory of the Allocation of Time, laid the analytical foundations for the study of … household production and the allocation of time within the household. The analytical framework of household production theory … developed in this paper remained a pillar of his later work on the economics of the family and the economics of nonmarket …
Persistent link: https://www.econbiz.de/10010403655
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Independent individual decision-makers in household models and the new home economics
Grossbard-Shechtman, Shoshana - 2010
Much of the recent literature in household economics has been critical of unitary models of household decision … individual models presented in his theory of marriage. Decision-making models assuming independent individual household members …
Persistent link: https://www.econbiz.de/10008810537
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The taxation of couples
Apps, Patricia (contributor); Rees, Ray (contributor) - 2007
economic theory of optimal taxation and tax reform, at least as it is presented in the mainstream literature, provides little …
Persistent link: https://www.econbiz.de/10003586558
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The demand for variety : a household production perspective
Hamermesh, Daniel S. (contributor);  … - 2007
Economists have devoted substantial attention to firms’ supply of variety, but little to consumers' demand for variety. Employing the framework of home production, we trace differences in demand to differences in the opportunity costs of activities, which are associated with investments in...
Persistent link: https://www.econbiz.de/10003590812
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A simple identification strategy for Gary Becker's time allocation model
Cherchye, Laurens; Rock, Bram de; Vermeulen, Frederic - 2015
The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental...
Persistent link: https://www.econbiz.de/10010513450
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Home production and retirement in couples : a panel data analysis
Bonsang, Eric; Soest, Arthur van - 2015
We analyse the effects of retirement of one partner on home production by both partners in a couple. Using longitudinal data from Germany on couples, we control for fixed household specific effects to address the concern that retirement decisions are correlated with unobserved characteristics...
Persistent link: https://www.econbiz.de/10011289980
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Couples' time together : complementarities in production versus complementarities in consumption
Mansour, Hani; McKinnish, Terra G. - 2013
Economists have previously suggested that gains from marriage can be generated by complementarities in production (gains from specialization and exchange) or by complementarities in consumption (gains from joint consumption of household public goods and joint time consumption). This paper uses...
Persistent link: https://www.econbiz.de/10010229530