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expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most … commodities are normal goods, sweets and toys are luxury items for children. Children of lone parents have lower budget shares for … suggesting that children mimic their parent?s expenditure patterns. …
Persistent link: https://www.econbiz.de/10010262592
Household composition can be expected to affect the allocation of household expenditure among goods, at the very least … because of economies of scale as household size increases and because different people have different needs (adults versus … children, for example). Specifying demographic effects correctly in demand analysis is important both in order to estimate …
Persistent link: https://www.econbiz.de/10010293010
have more command over household resources. Baseline results on children's shares are robust to using alternative … joint consumption. In this paper, we extend the collective model of household consumption to recover mother's, father's and … children's shares together with economies of scale, using the observation of adult-specific goods and an extended version of …
Persistent link: https://www.econbiz.de/10010282294
A common approach to defining equivalence scales is to consider a household modelled as if it maximizes a single … utility function. This may be founded on an assumption of the household maximizing a welfare function of individual utilities …. For a positive analysis of the household, this may be appropriate, but it is argued that basing inter-household …
Persistent link: https://www.econbiz.de/10011968066
on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor … expenses on children's goods that act as a public good in the spouses' preferences. We find that for couples with two or three … children the standard unitary model is strongly rejected in favor of our non-cooperative model. Moreover, it turns out that for …
Persistent link: https://www.econbiz.de/10010277211
incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for …
Persistent link: https://www.econbiz.de/10011605701
ownership and expenses, levels and paths of health status, number of household members, and out-of -pocket medical expenditures …
Persistent link: https://www.econbiz.de/10011786830
way a single representative household would behave. This analytical approach requires that incentives of the poor and the … available at the household level, and individuals living in multimember households have the potential to share goods within the … household. The analytical approach of modern macroeconomics would require that intra-household sharing is also strictly aligned …
Persistent link: https://www.econbiz.de/10010298407
The paper focuses on the ongoing debate on non-market valuation, including the valuation environmental goods, and the opportunity to use contingent valuation for policy guidance. In fact, contingent valuation critics argue that reported willingness to pay answers do not reflect real economic...
Persistent link: https://www.econbiz.de/10011324992
This paper finds declining consumption expenditure between paydays, for a typical household in the working population …
Persistent link: https://www.econbiz.de/10010262166