Showing 1 - 10 of 677
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
Persistent link: https://www.econbiz.de/10010360491
The consumption literature uses adult equivalence scales to measure individual level inequality. This practice imposes the assumption that there is no within household inequality. In this paper, we show that ignoring consumption inequality within households produces misleading estimates of...
Persistent link: https://www.econbiz.de/10010293042
The current literature on consumption inequality treats all adults within the household equally, making the implicit assumption that all consumption inequality is between, not within, households. However, increased marital sorting on earnings and the subsequent rise in the share of women's...
Persistent link: https://www.econbiz.de/10011940643
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
What are idiosyncratic shocks and how do people respond to them? This paper starts from the observation that idiosyncratic shocks are experienced at the individual level, but responses to shocks can encompass the whole household. Understanding and accurately modeling these responses is essential...
Persistent link: https://www.econbiz.de/10008824514
We make the novel argument that time spent on household chores can possibly reflect racial discrimination based on color. Our model, based on Becker's theory of allocation of time and his theory of marriage, recognizes that both intra-household bargaining and hedonic marriage markets operating...
Persistent link: https://www.econbiz.de/10009312942
This paper examines the added worker effect (AWE), which refers to the increase of labor supply of individuals in response to a sudden financial shock in family income, that is, unemployment of their partner. While previous empirical studies focus on married women's response to those shocks, I...
Persistent link: https://www.econbiz.de/10010493166
We make the novel argument that time spent on household chores can possibly reflect racial discrimination based on color. Our model, based on Becker's theory of allocation of time and his theory of marriage, recognizes that both intra-household bargaining and hedonic marriage markets operating...
Persistent link: https://www.econbiz.de/10013135377
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