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The paper discusses a methodology for calculating the distribution of gains and losses from a policy change using data for a large sample of households. Estimates are based on the equivalent income function, which is money metric utility defined over observable variables. This enables...
Persistent link: https://www.econbiz.de/10012760068
A common problem in applied economics is to determine the impact on consumers of changes in prices and attributes of marketed products as a consequence of policy changes. Examples are prospective regulation of product safety and reliability, or retrospective compensation for harm from defective...
Persistent link: https://www.econbiz.de/10012953513
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
This paper studies the dynamic optimization problem of a household when portfolio adjustment is costly. The analysis is … stocks. We use this, and related observations, to estimate the parameters of household preferences and portfolio adjustment … and the consequent inactivity in portfolio adjustment imply that inferences drawn about household risk aversion and the …
Persistent link: https://www.econbiz.de/10013151386
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
This paper develops an analytical framework for the analysis of adjustment to adverse shocks in the presence of limited access to the international credit market. We consider an economy producing traded and non-traded goods and experiencing a permanent, unanticipated drop in the availability of...
Persistent link: https://www.econbiz.de/10012774617
This paper examines how to evaluate consumer welfare when consumers face nonlinear prices. This problem arises in many settings, such as devising optimal pricing strategies for firms, assessing how price discrimination affects consumers, and evaluating the efficiency costs of many transfer...
Persistent link: https://www.econbiz.de/10012779746
The rise of social media has provoked both optimism about potential societal benefits and concern about harms such as addiction, depression, and political polarization. In a randomized experiment, we find that deactivating Facebook for the four weeks before the 2018 US midterm election (i)...
Persistent link: https://www.econbiz.de/10012893528
This paper develops an approach for estimating people's perceived and actual self-control problems in the field, and for investigating whether offers of commitment contracts are well-targeted tools for addressing self-control problems. In an experiment on gym attendance (N=1,248), we estimate a...
Persistent link: https://www.econbiz.de/10012864478