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contemporaneous and historical news affect household behavior. Our test permits heterogeneity in the degree of commitment across … households. Using recent data from the Panel Study of Income Dynamics, we reject full and no commitment, while we find strong … lifecycle collective model of the household, through which it characterizes behavior in three prominent alternative types of …
Persistent link: https://www.econbiz.de/10014237200
intra-household non-commitment, limited commitment, and full commitment. It investigates whether, after controling for … current and future (expected) wages, past wage shocks have a lasting and significant impact on present labor supply and public … consumption. Using a semi-log parametrization of labor supply and data from the Panel Study of Income Dynamics for the US, the …
Persistent link: https://www.econbiz.de/10012868830
This paper studies household labor supply, within the context of an intertemporal collective model, and three prominent … intrahousehold commitment regimes: full commitment, no commitment, and limited commitment. We propose a test that distinguishes among … all three alternatives based on how contemporary and historical changes to the economic environment affect household …
Persistent link: https://www.econbiz.de/10012826748
labour supply decision of both female and male in a household. This paper analyses how an exogenous increase in fertility … differences in the cost of childcare rather than the characteristics of occupation or household bargaining power …
Persistent link: https://www.econbiz.de/10012778435
the collective approach for household behaviour and the discrete hours choice framework with fixed costs of work. We …
Persistent link: https://www.econbiz.de/10013012802
wage differences, variation in prices of bought-in inputs into household production in the form of child care, and domestic … productivity differences as determinants of across-household heterogeneity in second earner labour supply. The analysis highlights … specification of household time use widens the set of cases in which individual taxation is welfare-superior to joint taxation …
Persistent link: https://www.econbiz.de/10013099748
inappropriate for the very same type of applications that are thought to be mostly relevant for this family of models, i.e. tax … maximization of household welfare rests on the convexity of the budget sets. However, both the actual tax systems and the tax … specification might provide a reasonable approximation to the current intra-household allocation choices under the current tax rule …
Persistent link: https://www.econbiz.de/10013028156
preference for total household production is influenced by family size for the female but not for the male; and (6) both males …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 …
Persistent link: https://www.econbiz.de/10014061599
population in the household then examine the determinants of the decision to supply labour. The fraction of home …-produced childcare to household childcare needs is considered to be a public good within the household, for which preferences are … of the choice of home childcare vs. labour supply. We are able to quantify each household's sensitivity to potential …
Persistent link: https://www.econbiz.de/10012870355
together by partners in the same household has become increasingly crucial in the American family … investments in terms of childcare and household activities are likely to increase the marital surplus, they are consequently … relationship between divorce and marital investments is offered in terms of increasing intra-household time consumption …
Persistent link: https://www.econbiz.de/10013132570