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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
Sleep is a source of energy. This energy is available in limited quantity and individuals must decide when it should be renewed and when it should be consumed. The economics of sleeping and the economics of resource extraction are one and the same. More specifically, utility maximization with...
Persistent link: https://www.econbiz.de/10014306470
This paper provides insights into the welfare gains of forming a couple by estimating how much of the difference in housework time between single and married individuals is causal and how much is due to selection. Using longitudinal data from Australia, UK and US, we find that selection into...
Persistent link: https://www.econbiz.de/10011647542
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
This paper develops a novel model of marital sorting on income potentials: In the marriage market, people are matching on potential wage growth rates which differ across individuals. Gains from marriage arise from intra-household specialization as couples make joint decisions on how much time to...
Persistent link: https://www.econbiz.de/10013011607
This paper provides insights into the welfare gains of forming a couple by estimating how much of the difference in housework time between single and married individuals is causal and how much is due to selection. Using longitudinal data from Australia, UK and US, we find that selection into...
Persistent link: https://www.econbiz.de/10012957469
The Frisch elasticity of labor supply can be estimated by regressing hours worked on the hourly wage rate, controlling for consumption of the individual worker. However, most household panel surveys contain consumption information only at the household level. We show that proxying individual...
Persistent link: https://www.econbiz.de/10012493758
In this paper, we explore the links between polygyny and female labour supply in Senegal using a nationally representative survey. In a reduced-form approach, we first measure the impact of polygyny on participation using a joint model of spouse participation. The identification of the impact of...
Persistent link: https://www.econbiz.de/10011656317
If partners derive utility from joint leisure time, it is expected that they will coordinate their work schedules in order to increase the amount of joint leisure. In order to control for differences in constraints and selection effects, this paper uses a new matching procedure, providing...
Persistent link: https://www.econbiz.de/10014061612