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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average … daily time savings when working from home is 72 minutes in our sample. We estimate that work from home saved about two hours …. Workers allocate 40 percent of their time savings to their jobs and about 11 percent to caregiving activities. People living …
Persistent link: https://www.econbiz.de/10013499524
, labour supply, consumption and savings, household production, and intra-household allocation. As for the empirical papers …Household collective models celebrate their thirtieth birthday. The collective approach constitutes, perhaps, the … to some excellent surveys of household collective models (Strauss et al., 2000; Vermeulen, 2002; Donni and Chiappori …
Persistent link: https://www.econbiz.de/10011946430
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...
Persistent link: https://www.econbiz.de/10009766145
. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that … life cycle consumption behaviour are resolved. Secondly, we stress the importance of the heterogeneity of household …
Persistent link: https://www.econbiz.de/10011401086
for consumption of the individual worker. However, most household panel surveys contain consumption information only at … the household level. We show that proxying individual consumption by household consumption biases estimated Frisch … elasticities downward as limited commitment in the household induces individual consumption to behave differently from household …
Persistent link: https://www.econbiz.de/10012493758
methods of measuring household welfare (and, accordingly, poverty and inequality) based on expenditures have not considered … these changes. First, we present theory showing significant mismeasurement of welfare for households who can shift into … remote work during the pandemic. We then propose methods to impute transportation cost equivalents for household expenditure …
Persistent link: https://www.econbiz.de/10013431352
In this paper, we document that households’ consumption expenditures depend on their expected earnings - even after controlling for realized earnings and wealth. To explain this evidence, we develop and structurally estimate a standard-incomplete markets model in which rational households...
Persistent link: https://www.econbiz.de/10013329447
social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010510507
Using combined data from population censuses and Urban Household Surveys, we study the effects of demographic … structural changes on the rise in household saving in China. Variations in fines across provinces on unauthorized births under … investigated in the context of household saving decisions in China. -- household saving ; one-child policy ; demographic structure …
Persistent link: https://www.econbiz.de/10009672255