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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 time allocations to determine the manner in which spouses interact …
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behavior. The method imposes no parametric structure on household decision processes, accounts for unobserved preference …We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … heterogeneity across individuals in different households, and requires only a single consumption observation per household. Our main …
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asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …
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asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …
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We present a methodology for the structural empirical analysis of household consumption and time use behaviour under … that allow us to rationalise both the observed matches and the within-household allocations of time and money …
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for consumption of the individual worker. However, most household panel surveys contain consumption information only at … the household level. We show that proxying individual consumption by household consumption biases estimated Frisch … elasticities downward as limited commitment in the household induces individual consumption to behave differently from household …
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