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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
We study financial fragility, exchange rate crises and monetary policy in an open economy model in which banks are maturity transformers as in Diamond-Dybvig. The banking system, the exchange rate regime, and central bank credit policy are seen as parts of a mechanism intended to maximize social...
Persistent link: https://www.econbiz.de/10013243429
-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
At a minimum, this paper should serve as a warning against too easy an acceptance of the view that the costs of sustained inflation are small relative to the costs of unemployment. If a temporary reduction in unemployment causes a permanent increase in inflation, the present value of the...
Persistent link: https://www.econbiz.de/10013218841
The goal of this paper is to compute optimal monetary and fiscal policy rules in a real business cycle model augmented with sticky prices, a demand for money, taxation, and stochastic government consumption. We consider simple policy rules whereby the nominal interest rate is set as a function...
Persistent link: https://www.econbiz.de/10013220424