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In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10009753717
scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten …
Persistent link: https://www.econbiz.de/10011543531
We adopt the collective approach to consumer behavior with egoistic agents, and assume that the household consumption …
Persistent link: https://www.econbiz.de/10003323171
We propose a new methodology to estimate the share of household income accruing to children (i.e., the cost of children). Following the principle of the Rothbarth approach, the identification of the children's share requires the observation of at least one adult-specific good. However, our...
Persistent link: https://www.econbiz.de/10003931950
We apply an extension of the Rothbarth approach to estimate the share of household resources accruing to children (i.e., the cost of children) in Ireland. The method also allows us to identify the economies of scale in the household and indifference scales in Lewbel (2003)’s sense. A practical...
Persistent link: https://www.econbiz.de/10003932408
private consumption of market goods. They also depend on the consumption of domestic goods, which are produced by combining …. The data contains detailed information about the spouses' time use and the intrahousehold allocation of all expenditures … collective model. We obtain interesting (and plausible) empirical results. Spouses'; preferences depend on the consumption of …
Persistent link: https://www.econbiz.de/10009007801
joint consumption. In this paper, we extend the collective model of household consumption to recover mother's, father's and … measures of poverty show that parents are highly compensated by the scale economies due to joint consumption. -- collective …
Persistent link: https://www.econbiz.de/10009488411
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
consumption goods involved (smoking cigarettes and drinking alcohol) and their role as anxiety reducing goods which suggests that … adequate to deal with the type of lifestyle consumption goods considered here. We indicate the lines along which a model needs …
Persistent link: https://www.econbiz.de/10011308440
model of the household with consumption, production and revealed preference conditions for stability on the marriage market …. We define marital instability in terms of the consumption gains to remarrying another individual in the same marriage … market, and to being single. We find that a 1 percentage point increase in the wife's estimated consumption gains from …
Persistent link: https://www.econbiz.de/10011455748