Showing 1 - 10 of 2,680
This paper presents a model of consumption and household production that takes into account substitution between health … related to marriage markets that could help explain consumption, including demand for medical care and good nutrition. These …
Persistent link: https://www.econbiz.de/10014285886
In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...
Persistent link: https://www.econbiz.de/10012195738
ex-ante homeowners who rate (cash-out) refinance an existing loan to increase savings (consumption) are significantly …
Persistent link: https://www.econbiz.de/10014056892
loan to increase lifetime savings are significantly more likely to underestimate their house value, while homeowners who … "cash-out refinance" an existing loan to fund current consumption are significantly more likely to overestimate their house …
Persistent link: https://www.econbiz.de/10014057820
collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …
Persistent link: https://www.econbiz.de/10010269151
on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10010277211
We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …
Persistent link: https://www.econbiz.de/10011543531
Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry the covariance of income and loan repayments may explain higher household borrowings than in the case without default option. Under ex post information asymmetry and positive...
Persistent link: https://www.econbiz.de/10010426364
's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …
Persistent link: https://www.econbiz.de/10010426370
We model consumption and labor supply behavior of a couple in a non-cooperative setting. Using minimal assumptions, we …
Persistent link: https://www.econbiz.de/10010463625