Showing 1 - 10 of 168
Household decisions are profoundly shaped by a complex set of financial options due to Social Security rules … claimed. These rules influence optimal household asset allocation, insurance, and work decisions, given life cycle demographic …
Persistent link: https://www.econbiz.de/10010951303
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
population because it ignores public goods and the allocation of time to market work, leisure and household production. We …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 …
Persistent link: https://www.econbiz.de/10010780812
because it ignores public good and the allocation of time to market work, leisure and household production. We develop a money … metric measure of welfare that accounts for public goods (by using personalized prices) household production and for the …
Persistent link: https://www.econbiz.de/10010821850
This paper examines whether an intra-household externality prevents adoption of a technology with substantial … implications for population health and the environment: improved cookstoves. Motivated by a model of intra-household decision … suggest that if women cannot make independent choices about household resource use, public policy may not be able to exploit …
Persistent link: https://www.econbiz.de/10010950660
. This paper clarifies the roles that household technology and human capital play in reaching conclusions about … spouses' time inputs are perfect substitutes in household production. With no further assumptions (other than efficiency and … rely on households optimally adjusting spouses' stocks of market and household human capital, the specialization conclusion …
Persistent link: https://www.econbiz.de/10010950828
Can we identify the members of a community who are best- placed to diffuse information simply by asking a random sample of individuals? We show that boundedly-rational individuals can, simply by tracking sources of gossip, identify those who are most central in a network according to "diffusion...
Persistent link: https://www.econbiz.de/10010951208
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/10010951224
This paper compares the relative impact of two road safety interventions in the Kenyan minibus or matatu sector: a top down set of regulatory requirements known as the Michuki Rules and a consumer empowerment intervention. We use very detailed insurance claims data on three classes of vehicles...
Persistent link: https://www.econbiz.de/10011271430
invest more in children and less in market-specific human capital and thus have lower earnings. We revisit these and other …
Persistent link: https://www.econbiz.de/10005084746