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The Frisch elasticity in the Mercosur countries: A pseudo-panel approach

González, Roberto; Sala, Hector - 2011

This paper provides estimates for the Mercosur countries of the Frisch elasticity - i.e., the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. We find a strong heterogeneity, with estimated elasticities ranging from 12.8 in Argentina...

Persistent link: https://www.econbiz.de/10010280705

The disappearing gender gap: The impact of divorce, wages, and preferences on education choices and women's work

Fernández, Raquel; Wong, Joyce Cheng - 2011

Women born in 1935 went to college significantly less than their male counterparts and married women's labor force participation (LFP) averaged 40% between the ages of thirty and forty. The cohort born twenty years later behaved very differently. The education gender gap was eliminated and...

Persistent link: https://www.econbiz.de/10010286870

The Disappearing Gender Gap: The Impact of Divorce, Wages, and Preferences on Education Choices and Women's Work

Fernández, Raquel; Wong, Joyce Cheng - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10009353427

Institutions, social norms, and bargaining power: an analysis of individual leisure time in couple households

Gupta, Nabanita Datta; Stratton, Leslie Sundt - 2008

posit that leisure time will be more sensitive to power considerations than housework time which may be more influenced by … supportive of these hypotheses, with leisure time on non-work days in the US being particularly responsive to economic power. In … enjoy more leisure time than would be suggested by their economic power alone. …

Persistent link: https://www.econbiz.de/10010276860

Joint leisure before and after retirement: A double regression discontinuity approach

Stancanelli, Elena G. F.; van Soest, Arthur - 2012

externalities in leisure. In this study, we investigate how retirement affects the hours of leisure together of individuals in a … effect of retirement on hours of leisure separate and together of individuals in a couple. We find that the retirement … retirement of the husband significantly increases own hours of leisure of the husband but it does not increase joint leisure …

Persistent link: https://www.econbiz.de/10010284027

Heterogeneous Life-Cycle Profiles, Income Riskand Consumption Inequality

Primiceri, Giorgio E.; Rens, Thijs van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Was the increase in income inequality in the US due to permanent shocks or merely to anincrease in the variance of transitory shocks? The implications for consumption and welfaredepend crucially on the answer to this question. We use CEX repeated cross-section data onconsumption and income to...

Persistent link: https://www.econbiz.de/10005861079

Why are saving rates so high in China?

Yang, Dennis Tao; Zhang, Junsen; Zhou, Shaojie - 2011

In this paper, we define The Chinese Saving Puzzle as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA) and...

Persistent link: https://www.econbiz.de/10010274634

"Should I Pay for You or for Myself"? The Optimal Level and Composition of Retirement Benefit Systems

van Praag, Bernard M. S.; Cardoso, Pedro - 2001

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

Persistent link: https://www.econbiz.de/10010276956

Political Uncertainty and Household Savings

Aaberge, Rolf; Liu, Kai; Zhu, Yu - 2014

Despite macroeconomic evidence pointing to a negative aggregate consumption response due to political uncertainty, few papers have used microeconomic panel data to analyze how households adjust their consumption after an uncertainty shock. We study household savings and expenditure adjustment...

Persistent link: https://www.econbiz.de/10010481576

Household Debt and Crises of Confidence

Hintermaier, Thomas; Koeniger, Winfried - 2015

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in a collateral constraint. Over a specific range of debt...

Persistent link: https://www.econbiz.de/10011401681