Showing 1 - 10 of 63
Persistent link: https://www.econbiz.de/10003239212
We estimate a collective household model with survey data on financial satisfaction from the European Community Household Panel. Our estimates suggest that cohabitating individuals enjoy returns to scale in consumption that are towards the larger end of the range of estimates reported in the...
Persistent link: https://www.econbiz.de/10010292958
also devote more time to food preparation. These observations (1) are consistent with a simple model with home production …, returns to scale in the time input to food preparation, and varieties of food that differ in the required time input; (2 …), mean that across household sizes, household market expenditures on food are not proportional to food consumption quantities …
Persistent link: https://www.econbiz.de/10010292995
We present a new class of social cost-of-living indices and a nonparametric framework for estimating these and other social cost-of-living indices. Common social cost-of-living indices can be understood as aggregator functions of approximations of individual cost-of-living indices. The Consumer...
Persistent link: https://www.econbiz.de/10010293033
This paper shows that a power utility specification of preferences over total expenditure (ie. CRRA preferences) implies that intratemporal demands are in the PIGL/PIGLOG class. This class generates (at most) rank two demand systems and we can test the validity of power utility on cross-section...
Persistent link: https://www.econbiz.de/10010293087
Recall food consumption data, which is the basis of a great deal of empirical work, is believed to suffer from … diary data from the same households. Measurement errors in recall food consumption data appear to be substantial, and they …
Persistent link: https://www.econbiz.de/10010293092
Standard economic theory implies that the labelling of cash transfers or cash-equivalents (e.g. child benefits, food …
Persistent link: https://www.econbiz.de/10010331005
We investigate life cycle patterns of demand for services from household durables using UK panel data. We take careful account of prices, demographics, labour supply and health. Demand for consumer electronics rises with age, while the demand for household appliances is flat. These findings...
Persistent link: https://www.econbiz.de/10010331035
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK. We identify several dimensions along which the most recent recession (the so-called 'Great Recession') has been different from those that occurred in the 1980s and 1990s....
Persistent link: https://www.econbiz.de/10010331050
The combination of credit constraints and indivisible consumption goods may induce some riskaverse individuals to play lotteries to have a chance of crossing a purchasing threshold. One implication of this is that income effects for individuals who choose to play lotteries are likely to be...
Persistent link: https://www.econbiz.de/10010275746