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Using data on elderly individuals and couples, we estimate a collective model of household consumption of a variety of … costs of living relative to living alone. We also identify the fraction of household resources consumed by wives versus … husbands, taking this jointness of some consumption into account. The results are relevant for household bargaining models and …
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effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a …
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primarily changes income and expenditure patterns, widowhood fundamentally changes the structure of the household. Beside high … consumption are lost. This paper applies the Lewbel and Pendakur (2008) collective household model to expenditure data on elderly … households in Switzerland. The findings suggest that between 40 and 50% of household resources are assigned to wives and both …
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