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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

Household Production and the Excess Sensitivity of Consumption to Current Income

Baxter, Marianne; Jermann, Urban J. - 2000

Empirical research on the permanent income hypothesis (PIH) has found that consumption growth is excessively sensitive to predictable changes in income. This finding is interpreted as strong evidence against the PIH. We propose an explanation for apparent excess sensitivity that is based on a...

Persistent link: https://www.econbiz.de/10014196816

Marketization of Production and the Us-Europe Employment Gap

Freeman, Richard B.; Schettkat, Ronald - 2021

Women work much more in the US than in Germany and most other EU economies. We find that the US-German employment gap is not strongly related to cross-country differences in the level of pay or social benefits. The difference in employment is due to the different marketization of activities...

Persistent link: https://www.econbiz.de/10013219286

Elasticities of Substitution in Real Business Cycle Models with Home Production

Campbell, John Y.; Ludvigson, Sydney C. - 2021

This paper constructs a simple model of home production that demonstrates the connection between the intertemporal elasticity of substitution in market consumption (IES) and the static elasticity of substitution between home and market consumption (SES), when the utility function is additively...

Persistent link: https://www.econbiz.de/10013222057

Leisure, Home Production and Work--The Theory of the Allocation of Time Revisited

Gronau, Reuben - 2021

From the theoretical point of view, the justification for aggregating leisure and work at home into one entity, "non-market time" (or "home time") can rest on two assumptions: (a.) the two elements react similarly to changes in the socio-economic environment and, hence, nothing is gained by...

Persistent link: https://www.econbiz.de/10013227533

Time vs. Goods : The Value of Measuring Household Production Technologies

Gronau, Reuben; Hamermesh, Daniel S. - 2021

We take U.S. and Israeli household data on expenditures of time and goods, generate an exhaustive set of commodities that households produce/consume using them, and calculate their relative goods intensities. Leisure activities are uniformly relatively time intensive, health, travel and lodging...

Persistent link: https://www.econbiz.de/10013227868

The Demand for Variety : A Household Production Perspective

Gronau, Reuben; Hamermesh, Daniel S. - 2021

Product diversity pervades every modern marketplace, and economists have devoted substantial attention to firms' decisions about the supply of variety. This study looks at the consumer's side by discussing the demand for variety. Using the framework of the home-production model, we trace...

Persistent link: https://www.econbiz.de/10013235596

Tax Effects on Work Activity, Industry Mix and Shadow Economy Size : Evidence from Rich-Country Comparisons

Davis, Steven J.; Henrekson, Magnus - 2021

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

Bargaining Power in Marriage : Earnings, Wage Rates and Household Production

Pollak, Robert A. - 2021

What determines bargaining power in marriage? This paper argues that wage rates, not earnings, determine well-being at the threat point and, hence, determine bargaining power. Observed earnings at the bargaining equilibrium may differ from earnings at the threat point because hours allocated to...

Persistent link: https://www.econbiz.de/10013239378

Consumption vs. Expenditure

Aguiar, Mark; Hurst, Erik - 2021

Standard tests of the permanent income hypothesis (PIH) using data on nondurables typically equate expenditures with consumption. However, as noted by Becker (1965), consumption is the output of a home production' function that uses both expenditure and time as inputs. With this in mind, we...

Persistent link: https://www.econbiz.de/10013244761