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We analyse the effects of retirement of one partner on home production by both partners in a couple. Using longitudinal data from Germany on couples, we control for fixed household specific effects to address the concern that retirement decisions are correlated with unobserved characteristics...
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describe the time allocation problem. The collective model views household behavior as the outcome of maximizing a household … been done is mainly focused on testing and refuting the unitary model. Moreover, in the bulk of time allocation literature … the main accent still lies on the development of theory. The novelty of this paper is that we empirically estimate the two …
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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
In this paper, we analyze the nature of intra-household allocations and commitment using unique panel data on individual-specific within-household consumption expenditures and on time used for leisure, market production and home production. Specifically we estimate a dynamic collective model of...
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