The paper integrates the basic principles of consumption theory and the economics of human resources to generate a powerful method for estimating the distribution of consumption between parents and children. Invoking the assumption of separability between parents' and children's consumption and...

Economists have devoted substantial attention to firms’ supply of variety, but little to consumers’ demand for variety. Employing the framework of home production, we trace differences in demand to differences in the opportunity costs of activities, which are associated with investments in...

This paper discusses the impact that Jacob Mincer's 1962 paper “Labor-Force Participation of Married Women...” had on the analysis and empirical estimation of the labor supply of married women, and the supply of labor in general. It is argued that this paper has revolutionized the analysis...

The economics of information have been established by now as an integral part of economic analysis. However, surprisingly little has been written on the implications of search (and in particular, job search) for the estimation of the wage function and its ramifications in such cases as the...