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Contraception and Fertility : Household Production Under Uncertainty
Michael, Robert T. - 2010
Over the past century fertility behavior in the United Stated has undergone profound changes Measured by cohort … fertility the average number of children per married woman had declined from about 5.5 children at the time of the Civil War to … took place in the dispersion of fertility among these women: the percentage of women with, say, seven or more children …
Persistent link: https://www.econbiz.de/10012763230
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The Tax Unit and Household Production
Piggott, John - 2010
The conventional wisdom is that taxing individuals rather than households is superior from an efficiency point of view under progressive income taxation. This is because it leads to secondary workers, whose labour supply elasticity is high, being taxed at a lower marginal rate than primary...
Persistent link: https://www.econbiz.de/10013138141
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Allocating Time : Individuals' Technologies, Household Technology, Perfect Substitutes, and Specialization
Pollak, Robert A. - 2011
In an efficient household if the spouses' time inputs are perfect substitutes, then spouses will "specialize" regardless of their preferences and the governance structure. That is, both spouses will not allocate time to both household production and the market sector. The perfect substitutes...
Persistent link: https://www.econbiz.de/10013119341
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Home Production, Labor Wedges, and International Real Business Cycles
Karabarbounis, Loukas - 2012
This paper explores implications of non-separable preferences with home production for international business cycles. Home production induces substitution effects that break the link between market consumption and its marginal utility and help explain several stylized facts of the open economy....
Persistent link: https://www.econbiz.de/10013100983
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Homework in Monetary Economics : Inflation, Home Production, and the Production of Homes
Aruoba, S. Borağan - 2012
We study models incorporating money, household production, and investment in housing. Inflation, as a tax on market activity, encourages substitution into household production, and thus investment in household capital. Hence, inflation increases the (appropriately deflated) value of the housing...
Persistent link: https://www.econbiz.de/10013102709
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Labor Market Fluctuations in the Small and in the Large
Rogerson, Richard - 2008
Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the data. Hagedorn and Manovskii present an alternative calibration that yields fluctuations consistent with the data, but this has been challenged by Costain and Reiter, who say it...
Persistent link: https://www.econbiz.de/10012772372
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A Strategy for Evaluating the Opportunity Cost of Time Estimates from New Choice Margins
McConnell, K.E. - 2017
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
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Unemployment, Market Work and Household Production
Burda, Michael C. - 2010
Using time-diary data from four countries we show that the unemployed spend most of the time not working for pay in additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment duration and the split of time between household...
Persistent link: https://www.econbiz.de/10012757952
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Market Work, Home Work and Taxes : A Cross Country Analysis
Rogerson, Richard - 2010
This paper uses a simple model of labor supply extended to allow for home production to understand the extent to which differences in taxes can account for differences in time allocations between the US and Europe. Once home production is included, the elasticity of substitution between...
Persistent link: https://www.econbiz.de/10012758294
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Measuring the Values for Time
Palmquist, Raymond B. - 2010
Most economic models for time allocation ignore constraints on what people can actually do with their time. Economists recently have emphasized the importance of considering prior consumption commitments that constrain behavior. This research develops a new model for time valuation that uses...
Persistent link: https://www.econbiz.de/10012759700