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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 … market hours and time spent in household production, we estimate the marginal distribution of male and female characteristics …
Persistent link: https://www.econbiz.de/10003158648
the collective approach for household behaviour and the discrete hours choice framework with fixed costs of work. We …
Persistent link: https://www.econbiz.de/10011376279
the collective approach for household behaviour and the discrete hours choice framework with fixed costs of work. We …
Persistent link: https://www.econbiz.de/10011376311
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 …
Persistent link: https://www.econbiz.de/10010201289
In this paper, we investigate the link between intra-household resource allocation and familial ties between household …" familial ties (e.g. a nuclear family household) achieve near Pareto efficient allocation of productive resources and Pareto … efficient allocation of consumption while households with "weaker" familial ties (e.g. an extended family household) do not. We …
Persistent link: https://www.econbiz.de/10011439836
wage differences, variation in prices of bought-in inputs into household production in the form of child care, and domestic … productivity differences as determinants of across-household heterogeneity in second earner labour supply. The analysis highlights … specification of household time use widens the set of cases in which individual taxation is welfare-superior to joint taxation …
Persistent link: https://www.econbiz.de/10013099748
While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel Study (SOEP). In married and cohabiting...
Persistent link: https://www.econbiz.de/10013074897
production inefficiencies relate to consumption decisions and information sharing within the household. In a lab …-in-the-field experiment, male producers allocate too few inputs to their wife's plot, failing to maximize household aggregate profits. They do … further leads to sharp predictions. Joint contribution to a household public good compels spouses to make efficient production …
Persistent link: https://www.econbiz.de/10012842042
Managing financial matters is an important household task that is often left up to one partner. These decisions tend to … are more likely to be responsible regardless of gender. Households with low measured financial literacy and low household …
Persistent link: https://www.econbiz.de/10012911429
and share wealth. I show that, despite having standard exponential time preferences, the household is time … overconsumption by providing a way for members to lock-up wealth from each other. The household remains time-inconsistent, even when … it is possible for members to save separately, whenever intra-household relative-wealth shocks create the possibility …
Persistent link: https://www.econbiz.de/10013008538