Showing 1 - 10 of 333
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We …'s utility enter into parent's utility where parents choose the consumption level of the young until they leave the household … the household saving rate …
Persistent link: https://www.econbiz.de/10013129127
This paper examines Americans' financial capability, using data from a new survey. Financial capability is measured in terms of how well people make ends meet, plan ahead, choose and manage financial products, and possess the skills and knowledge to make financial decisions. The findings...
Persistent link: https://www.econbiz.de/10013124201
In 2009, the Federal Reserve Board implemented a survey of families that participated in the 2007 Survey of Consumer Finances (SCF) to gain detailed information on the effects of the recent recession on all types of households. Using data from the 2007-09 SCF panel, we highlight the variation in...
Persistent link: https://www.econbiz.de/10013125924
household of only three people, in 1850 household size was twice that figure. Further, both the number of children and the … number of adults in a household have fallen dramatically. We develop a simple theory of household size where living with … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from intra …
Persistent link: https://www.econbiz.de/10013155024
Household economies of scale arise when households with multiple members share public goods, making larger households … better off at lower per capita expenditures. While estimates of household economies of scale are critical for measuring … income and living standards, we do not know how these scale economies change over time. I use American household expenditure …
Persistent link: https://www.econbiz.de/10012772365
I characterize a dynamic economy under general distributions of households' risk tolerance, endowments, and beliefs about long-term growth. As the economy expands and the stock market rises (a) the fraction of households with declining consumption-share increases; (b) the wealth-share of high...
Persistent link: https://www.econbiz.de/10012894994
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
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 2.4 children at the time of the Great Depression. It is...
Persistent link: https://www.econbiz.de/10012763230
This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...
Persistent link: https://www.econbiz.de/10012978099