Showing 1 - 8 of 8
The last 60 years have seen the emergence of a dramatic socioeconomic gradient in marriage, divorce, cohabitation, and childbearing. The divide is between college graduates and others: those without four-year degrees have family patterns and trajectories very similar to those of high school...
Persistent link: https://www.econbiz.de/10012456596
Despite its importance for the analysis of life-cycle behavior, stock ownership by households is poorly understood. Among other approaches to the investigation of this puzzle, recent research has elicited the expectations of stock market returns by individuals. This paper reports findings from a...
Persistent link: https://www.econbiz.de/10012462193
In this paper we present evidence from high-frequency data collections dedicated to tracking the effects of the financial crisis and great recession on American households. These data come from surveys that we conducted in the American Life Panel - an Internet survey run by RAND Labor and...
Persistent link: https://www.econbiz.de/10012462249
We study the impact of health shocks on domestic violence and illicit drug use. We argue that health is a form of human capital that shifts incentives for risky behaviors, such as drug use, and also changes options outside of violent relationships. To estimate causal effects, we examine...
Persistent link: https://www.econbiz.de/10012455793
' time inputs are perfect substitutes in household production. With no further assumptions (other than efficiency and the … households optimally adjusting spouses' stocks of market and household human capital, the specialization conclusion does not …, regardless of the levels at which they are fixed. Other assumptions about household technology also imply the specialization …
Persistent link: https://www.econbiz.de/10012459484
Beginning in May 2009 we fielded a monthly Internet survey designed to measure total household spending as the …
Persistent link: https://www.econbiz.de/10012460685
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 ….e., the household production function when only one spouse allocates time to home production) are closely related, satisfying …
Persistent link: https://www.econbiz.de/10012461129
We use new data from the 2019 wave of the Consumption and Activities Mail Survey to help interpret the observed decline in spending as individuals age. At one extreme, forward-looking individuals optimally chose the decline; at the other, myopic individuals overspent and were forced to reduce...
Persistent link: https://www.econbiz.de/10013388816