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In this paper, we show, using the consumer’s budget constraint, that the residuals of the trend relationship among consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for a panel of 31 emerging economies and find that,...
Persistent link: https://www.econbiz.de/10013315965
Unconventional fiscal policies incentivize households to accelerate consumption by generating future consumer price ination, and offer an alternative to unconventional monetary policy (Correia et al. (2013)). We use a natural experiment to study the causal effect of unconventional fiscal...
Persistent link: https://www.econbiz.de/10012995195
wage. We find this for all household types. (6) The presence of (more) children reduces the hours of labor supplied by … time to different activities. In order to do so, we empirically estimate a collective household labor supply model. The … main findings are that: (1) Leisure and household income are the most important variables in the utility function of the …
Persistent link: https://www.econbiz.de/10012774044
in a household can be supported by self interest. Since the costs of raising children are unequally distributed among …, how many children to have and subsequently whether to stay together or separate. We make precise the idea that cooperation … effects of policy variables such as rights of access to children post-separation and wealth division/alimony rules, as well as …
Persistent link: https://www.econbiz.de/10013117792
This paper is a survey of the literature on theoretical models of the household, paying particular attention to some of … household's preference ordering over the utility profiles of its members depends on exogenous variables, in particular wage … approach to modelling household decision taking, flexible enough to encompass non-cooperative behaviour and Pareto …
Persistent link: https://www.econbiz.de/10013316648
The interaction between investment in children's education and parental fertility is crucial in recent theories of the …
Persistent link: https://www.econbiz.de/10013135779
-curricular activities, on children's skill development. Our results indicate positive effects: both cognitive skills, measured by school … datasets as well as alternative estimation and identification strategies. The effects can be partially explained by increased …
Persistent link: https://www.econbiz.de/10013118501
's counterfactual work behavior. We show that extending parental leave has significant positive effects on children's health and human …
Persistent link: https://www.econbiz.de/10012953697
We examine how a German paid parental leave reform causally affected early childhood living arrangements. The reform replaced a means-tested benefit with a universal transfer paid out for a shorter period. Using a difference-in-differences design, we find that the reform increased the...
Persistent link: https://www.econbiz.de/10012962121
parental leave from 12 to 24 months for children born on July 1, 1990 or later. We use test scores from the Austrian PISA test …
Persistent link: https://www.econbiz.de/10013315686