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This paper compares predictions obtained for the analysis of tax reforms with collective and unitary models of household labour supply and consumption behaviour. We simulate real world microdata by means of a collective approach, using a compound procedure of estimation and calibration based on...
Persistent link: https://www.econbiz.de/10005098318
A widely shared intuition holds that individual control over money matters for the decision process within the household and the subsequent distribution of resources and welfare. As a consequence, there are good reasons to depart from the unitary model of the household and to explore the...
Persistent link: https://www.econbiz.de/10005678755
This paper proposes a comparison of the results of tax policy analysis obtained on the basis of unitary and collective representations of the household. We first generate labour supplies consistent with the collective rationality, by use of a model calibrated on microdata as described in...
Persistent link: https://www.econbiz.de/10005678756
We suggest a methodology to calibrate a collective model with household-specific bargaining rules and marriage-specific preferences that incorporate leisure externalities. The empirical identification relies on the assumption that some aspects of individual preferences remain the same after...
Persistent link: https://www.econbiz.de/10005711857
A framework for simplified implementation of the collective model of labor supply decisions is presented in the context of fiscal reforms in the UK. Through its collective form the model accounts for the well known problem of distribution between wallet and purse, a broadly debated issue which...
Persistent link: https://www.econbiz.de/10005711886
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Dieser Aufsatz beschreibt neuere Entwicklungen in der Aggregationstheorie sowie ausgewählte empirische Arbeiten. Diese stellen exemplarisch dar, wie die Mikroökonometrie eingesetzt werden kann, um Aggregationsprobleme zu untersuchen und approximative Lösungen zu finden. Der Schwerpunkt liegt...
Persistent link: https://www.econbiz.de/10011621493
Several recent papers have shown the relevance of collective models for the empirical investigation of household labor supply and consumption. Yet the estimation of collective models in the presence of non-linear budget sets and participation decisions remains a daunting task. This paper...
Persistent link: https://www.econbiz.de/10010297772