Homework in Labor Economics : Household Production and Intertemporal Substitution

We argue that estimates of intertemporal substitution elasticities obtained from standard life cycle models are subject to a downward bias because they neglect changes in work done at home over the life cycle. We extend the standard life cycle model to include home production and estimate it using data from three time use surveys. We find that the downward bias is large

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Year of publication:	2001
Authors:	Rupert, Peter ; Rogerson, Richard Donald ; Wright, Randall D.
Publisher:	[S.l.] : SSRN
Subject:	Haushaltsproduktion \| Household production \| Arbeitsangebot \| Labour supply \| Substitutionselastizität \| Elasticity of substitution \| Lebenszyklus \| Life cycle \| Arbeitsmarkttheorie \| Labour market theory
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Monetary Economics, Vol. 46, Issue 3, December 2000 Volltext nicht verfügbar
Classification:	D1 - Household Behavior and Family Economics ; J2 - Time Allocation; Work Behavior; Employment Determination and Creation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014141016