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on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor …
Persistent link: https://www.econbiz.de/10005039583
We apply the collective consumption model of Browning et al. (2010) to analyse economic well-being and poverty among … the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of … time series of Dutch consumption expenditure surveys. Our empirical results indicate substantial economies of scale and a …
Persistent link: https://www.econbiz.de/10010597478
-household allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …
Persistent link: https://www.econbiz.de/10014025329
This article aims to provide an introduction to empirical revealed preference (RP) and an overview of the current state of the field. We hope to give a sense of how RP methods work and the types of questions they can address and to assess the strengths and drawbacks of the approach. After...
Persistent link: https://www.econbiz.de/10011004691
allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …
Persistent link: https://www.econbiz.de/10010780812
We present identification and estimation results for the 'collective' model of labour supply in which there are discrete choices, censoring of hours and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...
Persistent link: https://www.econbiz.de/10005504396
We review a nonparametric "revealed preference" methodology for analyzing collective consumption behavior in practical … applications. The methodology allows for accounting for externalities, public consumption, and the use of assignable quantity … information in the consumption analysis. This provides a framework for empirically assessing welfare-related questions that are …
Persistent link: https://www.econbiz.de/10010990811
This paper incorporates two empirically-grounded insights into a dynamic life cycle portfolio choice model: the fact that investors forego the opportunity to accumulate job-specific skills when they spend time managing their own money, and the observation that efficiency in financial decision...
Persistent link: https://www.econbiz.de/10011210995
In this paper, we develop a revealed preference methodology that allows us to explore whether time inconsistencies in household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and renegotiation within the collective unit. An empirical...
Persistent link: https://www.econbiz.de/10010356826
The cost of children is a critical parameter used in determining many economic policies. For instance, correctly setting the tax deduction for families with children requires assessing the true household cost of children. Evaluating child poverty at the individual level requires making a clear...
Persistent link: https://www.econbiz.de/10011430538