Showing 1 - 10 of 193
This paper finds declining consumption expenditure between paydays, for a typical household in the working population …
Persistent link: https://www.econbiz.de/10010262166
collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …
Persistent link: https://www.econbiz.de/10010269151
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/10010277211
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/10004969337
We extend the nonparametric ‘revealed preference’ methodology for analyzing collective consumption behavior (with … consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare … preferences of the group members (in terms of consumption externalities and public consumption); and we show that these testing …
Persistent link: https://www.econbiz.de/10005762164
collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …
Persistent link: https://www.econbiz.de/10005822743
This paper finds declining consumption expenditure between paydays, for a typical household in the working population …
Persistent link: https://www.econbiz.de/10005703008
This paper presents a model of consumption and household production that takes into account substitution between health … related to marriage markets that could help explain consumption, including demand for medical care and good nutrition. These …
Persistent link: https://www.econbiz.de/10014377085
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013351930
We develop a theory of labor markets in a monetary economy with four realistic features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Due to the non-Coasean nature of labor contracts, inefficient job separations occur in the form of endogenous...
Persistent link: https://www.econbiz.de/10014296865