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Gender roles in household consumption patterns have been studied in the literature in relation to two models of … household behavior; household production model and the unitary versus non-unitary models of the family decision making. The … implications of the first model relate to the changes in household expenditure patterns as a result of the withdrawal of the wives …
Persistent link: https://www.econbiz.de/10013002822
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
Persistent link: https://www.econbiz.de/10013440226
This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a hedge (i.e. a spouse whose income is negatively correlated with her own) as it raises her...
Persistent link: https://www.econbiz.de/10011399259
Annual, before-tax income is the most common official statistic used to measure economic well-being and therefore underlies the design of most anti-poverty programs or other redistributive economic policies. Notwithstanding, extended income measures as well as consumption based measures are...
Persistent link: https://www.econbiz.de/10011526411
According to the permanent income/life-cycle hypothesis (PILCH), under standard preferences anticipated changes in employment status should not affect the changes in consumption. In this paper, we investigate the consumption behaviour of individuals who lose their jobs and those who find a job....
Persistent link: https://www.econbiz.de/10013025479
According to the permanent income/life-cycle hypothesis (PILCH), under standard preferences anticipated changes in employment status should not affect the changes in consumption. In this paper, we investigate the consumption behaviour of individuals who lose their jobs and those who find a job....
Persistent link: https://www.econbiz.de/10013027008
This paper explores the role of marriage when markets are incomplete so that individuals cannot diversify their idiosyncratic labor income risk. Ceteris paribus, an individual would prefer to marry a "hedge" (i.e., a spouse whose income is negatively correlated with her own) as it raises her...
Persistent link: https://www.econbiz.de/10013320884
Persistent link: https://www.econbiz.de/10010532344
We study the causal impact of the minimum wage on employment and welfare in Thailand using a difference …-age male workers. As such, increases in the minimum wage are associated with increases in household consumption per capita in …
Persistent link: https://www.econbiz.de/10010238212