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household production. Simulations using GMM estimates of a Stone-Geary utility function defined over time use suggest no effect … on household production in either country. Estimation of a household model shows only slight evidence that spouses shared …
Persistent link: https://www.econbiz.de/10013311919
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within household …
Persistent link: https://www.econbiz.de/10013052680
We revisit the causes, welfare consequences, and policy implications of the dispersion in households' labor market outcomes using a model with uninsurable risk, incomplete asset markets, and home production. Accounting for home production amplifies welfare-based differences across households...
Persistent link: https://www.econbiz.de/10012931216
Information frictions imply it is reasonable to expect the same commodity, in a given location, to sell for different prices at the same time. Aguiar and Hurst (AH) [2007] demonstrate how the search behavior implied by these price differences can be used estimate the opportunity cost of time....
Persistent link: https://www.econbiz.de/10012957384
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … duration and the split of time between household production and leisure. U.S. data for 2003-2006 show that almost none of the … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In …
Persistent link: https://www.econbiz.de/10012757952
household time allocation. The empirical results support the framework and find an increasing marginal opportunity cost of time …
Persistent link: https://www.econbiz.de/10012759700
-market activities, reducing leisure time and mostly increasing time devoted to household production. Similar results are found using …
Persistent link: https://www.econbiz.de/10012760079
attainment produce differences in time costs that in turn alter the kinds and variety of activities in which household members … engage. Using time-budget surveys from Australia, Israel, the Netherlands, Sweden, the United States and West Germany from … variety on weekends; women engage in more different activities than men; young children add to variety in household …
Persistent link: https://www.econbiz.de/10013235596
Guided by a simple theory of task assignment and time allocation, we investigate the long run response to national differences in tax rates on labor income, payrolls and consumption. The theory implies that higher tax rates reduce work time in the market sector, increase the size of the shadow...
Persistent link: https://www.econbiz.de/10013238958
Using scanner data and time diaries, we document how households substitute time for money through shopping and home production. We find evidence that there is substantial heterogeneity in prices paid across households for identical consumption goods in the same metro area at any given point in...
Persistent link: https://www.econbiz.de/10013212915