This paper describes the relation between fertility and intergenerational child-care support provided by grandparents in a model based on the overlapping generations model with endogenous fertility. Results show that intergenerational child-care support causes fertility to fluctuate. This paper...

We conduct cusum tests of structural change in a rational addiction model of cigarette demand estimated using a panel of annual time series of state-level data. In contrast to the one previous application of cusum tests to the question of cigarette demand stability, our results provide strong...

We conduct cusum tests of structural change in a rational addiction model of cigarette demand estimated using a panel of annual time series of state-level data. In contrast to the one previous application of cusum tests to the question of cigarette demand stability, our results provide strong...

We present a theoretical framework where agents take into account the fact that their dietary choice affects their health status and hence their life expectancy. The literature that explains the relationship between income heterogeneity, health status and life expectancy has focused on the...

This note introduces a generalized version of multi-component decomposition method, which disintegrates a growth rate of an index into the roles of individual components. The method can be applied to two classes of indices: the additive-product form and the product-additive form. The application...

In this work, we study whether labour and leisure costs reported by informal caregivers must be analysed separately, using two comparable Spanish samples, for the years 1994 and 2004. We do this since informal care introduces an additional time constraint on the individual, which complicates the...

Using a homogeneous and continuous utility function to represent a household's preferences, we show explicit algebraic ways to go from the indirect utility function to the expenditure function and from the Marshallian demand to the Hicksian demand and vice versa, without the need of any other...

This paper explores the determinants of the heterogeneity in the expenditure behaviors of the Italian households, using the Households Expenditure Survey provided by the Italian National Institute of Statistics (ISTAT) for the year 2005. We assume that differences among consumers are associated...

This study uses a new nationally representative dataset (National Financial Capability Study, 2009) to examine the association between individuals' financial literacy and their high-cost borrowing decisions. The results indicate that financial literacy is indeed negatively associated with...