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Child Expenditure: The Role of Working Mothers, Lone Parents, Sibling Composition and Household Provision

Farrell, Lisa; Shields, Michael A. - 2001

This paper uses detailed diary information from the British Family Expenditure Survey (FES) to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury...

Persistent link: https://www.econbiz.de/10010262592

Real Time Econometrics

Pesaran, Mohammad Hashem; Timmermann, Allan - 2004

This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...

Persistent link: https://www.econbiz.de/10010276178

The Response of Consumption in Russian Households to Economic Shocks

Stillman, Steven - 2001

This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 – 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...

Persistent link: https://www.econbiz.de/10010262612

Employer Learning and Schooling-Related Statistical Discrimination in Britain

Galindo-Rueda, Fernando - 2003

This paper develops and tests a new model of asymmetric information in the labour market involving employer learning. In the model, I provide theoretical conditions for the identification – based on the experience and tenure profiles of estimated returns to ability and education – of...

Persistent link: https://www.econbiz.de/10010262759

Approaches to estimating the health state dependence of the utility function

Finkelstein, Amy; Luttmer, Erzo F.P.; Notowidigdo, … - 2009

If the marginal utility of consumption depends on health status, this will affect the economic analysis of a number of central problems in public finance, including the optimal structure of health insurance and optimal life cycle savings. In this paper, we describe the promises and challenges of...

Persistent link: https://www.econbiz.de/10010269281

Econometric causality

Heckman, James Joseph - 2008

This paper presents the econometric approach to causal modeling. It is motivated by policy problems. New causal parameters are defined and identified to address specific policy problems. Economists embrace a scientific approach to causality and model the preferences and choices of agents to...

Persistent link: https://www.econbiz.de/10010274247

Identifying the substitution effect of temporary agency employment

Jahn, Elke J.; Weber, Enzo - 2012

This paper fills a gap in the literature by investigating whether temporary agency employment substitutes regular employment. To take into account the interaction between the two employment forms, we identify a SVAR model with correlated innovations by volatility regimes. We show that a positive...

Persistent link: https://www.econbiz.de/10010282364

Kinky choices, dictators and split might: a non-cooperative model for household consumption and labor supply

Boone, Jan; van der Wiel, Karen; Vermeulen, Frederic - 2009

It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...

Persistent link: https://www.econbiz.de/10010277211

Decomposing changes in income risk using consumption data

Blundell, Richard; Low, Hamish; Preston, Ian - 2011

We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross … decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

Persistent link: https://www.econbiz.de/10010282561

Urban Resilience and Social Security Uptake: New Zealand Evidence from the Global Financial Crisis and the COVID-19 Pandemic

Cochrane, William; Poot, Jacques; Roskruge, Matthew - 2022

This paper focuses on the spatial variation in the uptake of social security benefits following a large and detrimental exogenous shock. Specifically, we focus on the Global Financial Crisis (GFC) and the onset of the COVID-19 pandemic. We construct a two-period panel of 66 Territorial...

Persistent link: https://www.econbiz.de/10013426359