Showing 1 - 10 of 346
study of household finance is challenging because household behavior is difficult to measure accurately, and because …
Persistent link: https://www.econbiz.de/10012761660
in labor force participation has been accompanied by changes in allocation of time to various activities in the household … as well. Since the proportion of women in the labor force has been rising, the average amount of time input to household … tasks by all women has been declining over the last 50 years. It is valuable to analyze this in the household production …
Persistent link: https://www.econbiz.de/10012763227
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10013222646
efficiently. The complexity of household structures, including multi-generation and polygynous households, is taken into account … the fact that individuals within a household have well-defined property rights over the plots they own. Using data on … allocations are consistent with efficiency. In more complex household structures, including polygynous households, efficiency in …
Persistent link: https://www.econbiz.de/10012858407
We propose new methods to model behavior and conduct welfare analysis in complex environments where some choices are unlikely to reveal preferences. We develop a mixture-of-experts model that incorporates heterogeneity in consumers' preferences and in their choice processes. We also develop a...
Persistent link: https://www.econbiz.de/10012890479
within the household. The question is analyzed in the context of a housing reform that occurred in China that gave existing … household level. The results indicate that transferring ownership rights to men increased household consumption of some male …-favored goods and women's time spent on chores. Transferring ownership rights to women decreased household consumption of some male …
Persistent link: https://www.econbiz.de/10013076182
-convex portfolio adjustment costs. The goal is to understand a household's response to income and return shocks. The model includes the … multiple assets, a household can buffer some income fluctuations through the asset without adjustment costs and engage in …
Persistent link: https://www.econbiz.de/10013127012
We report the results of a field experiment where we exogenously vary the use of social comparisons "nudges" and subsidies for participation in an in-home energy audit program, and follow subjects through to the subsequent purchase of durable goods. We therefore can compare the causal effect of...
Persistent link: https://www.econbiz.de/10012977280
We study an over-the-counter (OTC) market with bilateral meetings and bargaining where the usefulness of assets, as means of payment or collateral, is limited by the threat of fraudulent practices. We assume that agents can produce fraudulent assets at a positive cost, which generates endogenous...
Persistent link: https://www.econbiz.de/10013119606
We present a model of shadow banking in which financial intermediaries originate and trade loans, assemble these loans into diversified portfolios, and then finance these portfolios externally with riskless debt. In this model: i) outside investor wealth drives the demand for riskless debt and...
Persistent link: https://www.econbiz.de/10013123980