Showing 1 - 10 of 26
We develop a simple model of household time allocation decisions under strong functional form assumptions regarding preferences and household production technology. We argue that the specification is general when allowing for unrestrictive forms of population heterogeneity in the parameters...
Persistent link: https://www.econbiz.de/10003158648
Persistent link: https://www.econbiz.de/10009410339
Persistent link: https://www.econbiz.de/10010360491
Persistent link: https://www.econbiz.de/10010380936
There is some controversy in the field of household economics regarding the efficiency of household decisions. We make the point that a flexible specification of spousal preferences and the household production technology precludes the possibility of using revealed preference data on household...
Persistent link: https://www.econbiz.de/10010201289
We formulate a model of household behavior in which cooperation is costly and in which these costs vary across households. Some households rationally decide to behave noncooperatively, which in our context is an efficient outcome. An intriguing feature of the model is that, while the welfare of...
Persistent link: https://www.econbiz.de/10003292049
The growth in labor market participation among women with young children has raised concerns about the potential negative impact of the mother's absence from home on child outcomes. Recent data show that mother's time spent with children has declined in the last decade, while the indicators of...
Persistent link: https://www.econbiz.de/10013138671
There is some controversy in the field of household economics regarding the efficiency of household decisions. We make the point that a flexible specification of spousal preferences and the household production technology precludes the possibility of using revealed preference data on household...
Persistent link: https://www.econbiz.de/10013073853
Most econometric models of intrahousehold behavior assume that household decision-making is efficient, i.e., utility realizations lie on the Pareto frontier. In this paper we investigate this claim by adding a number of participation constraints to the household allocation problem. Short-run...
Persistent link: https://www.econbiz.de/10013156400
In this paper we utilize a model of household investments in the development of children to explore the impact of various transfer policies on the distribution of child outcomes. We develop a cost criterion that can be used to compare the cost effectiveness of unrestricted, restricted, and...
Persistent link: https://www.econbiz.de/10013047880