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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/10012458475
We provide a method to measure welfare, in money-metric terms, taking into account expectations about the future. Our two key assumptions are that (1) the expenditure function is separable between the present and the future, and (2) there are some households that do not face idiosyncratic...
Persistent link: https://www.econbiz.de/10014576596
We study the dynamic relationship between women's intra-household reputation and investment decisions. We consider … household investments delegated to the wife in settings where wives perceived to be savvy investors by their husbands are …---we call this the intra-household sunk cost effect. These dynamics have important implications for women's well-being as well …
Persistent link: https://www.econbiz.de/10014247996
the household …
Persistent link: https://www.econbiz.de/10014635608
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/10012455147
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/10012458473
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/10012479098
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/10012479104
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/10012479404
We describe a framework for empirical welfare analysis that uses the causal estimates of a policy's impact on net government spending. This framework provides guidance for which causal effects are (and are not) needed for empirical welfare analysis of public policies.The key ingredient is the...
Persistent link: https://www.econbiz.de/10012481188