Showing 1 - 10 of 10
On an infinitely-extensible plane (with uniform customer-density) the socially-optimal configuration of firms is a regular hexagonal lattice. Will the free market necessarily produce this configuration? We argue that the currently-accepted, affirmative answer has been erroneously derived from...
Persistent link: https://www.econbiz.de/10011940411
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
Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many...
Persistent link: https://www.econbiz.de/10012014453
We investigate whether immigrant and minority workers' poor access to high-wage jobs - that is, glass ceilings - is attributable to poor access to jobs in high-wage firms, a phenomenon we call glass doors. Our analysis uses linked employer-employee data to measure mean- and quantile-wage...
Persistent link: https://www.econbiz.de/10010269396
We construct a peer effects model where mean expenditures of consumers in one's peer group affect utility through perceived consumption needs. We provide a novel method for obtaining identification in social interactions models like ours, using ordinary survey data, where very few members of...
Persistent link: https://www.econbiz.de/10014537014
Individuals may be poor even if their household is not poor, because the intra-household distribution of resources may be unequal. We develop a model wherein the resource share of each person in a collective household - defined as their share of household consumption - may be estimated by simple...
Persistent link: https://www.econbiz.de/10012265317
Individuals may be poor even if their household is not poor, because the intra-household distribution of resources may be unequal. Dunbar, Lewbel and Pendakur (2013) develop a model wherein the resource share of each person in a collective household - defined as their share of total household...
Persistent link: https://www.econbiz.de/10012265336
We provide a new full-commitment intertemporal collective household model to estimate resource shares, defined as the fraction of household expenditure enjoyed by household members. Our model implies nonlinear time-varying household quantity demand functions that depend on fixed effects. We...
Persistent link: https://www.econbiz.de/10012621103
We provide a method to estimate resource shares - the fraction of total household expenditure allocated to each household member - using OLS estimation of Engel curves. The method is a linear reframing of the nonlinear model of Dunbar, Lewbel and Pendakur (2013), extended to allow single-parent...
Persistent link: https://www.econbiz.de/10012625397
Despite a recent and dramatic re-evaluation of the health consequences of alcohol consumption, very little is known about the effects of in utero exposure to alcohol on long-run outcomes such as later-life mortality. Here, we investigate how state by year variation in alcohol control arising...
Persistent link: https://www.econbiz.de/10014377190