We consider the life-cycle problem of a household that in each period decides how much to consume and how to allocate … husband and wife separate information on hourly wages, hours of work, and time spent with children to estimate structural … structural parameters provide a full picture regarding the ability of household to smooth marginal utility in response to shocks …

We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate …, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to … transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to …

We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate …, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to … transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to …

We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate …, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to … transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to …

We consider the life cycle choices of a household that in each period decides how much to consume and how to allocate …, spouses' wages, hours of work, and time spent with children to estimate the sensitivity of consumption and time allocation to … transitory and permanent wage shocks. These structural parameters describe the ability of household to self-insure in response to …