The paper aims to model the underground economy using two different models: one based on the labor supply method and a generalized model for the allocation of time. The model based on the labor supply method is conceived as a simulating one in order to determine some reasonable thresholds of the...

Using a Romanian household survey, we analyse the structure of households’ income by sources: main job, secondary job, and informal activities. We began the study by focusing on data and methodological problems, certain clarifications being necessary. Then we estimated the size of informal...

In the recession period, population spent their time differently by an economic development one. In our view, the economic crisis has a major negative impact on the working time. On the basis of data provided by two statistical surveys (Time Use Survey and Labour Force Survey), the paper will...

This paper argues that public holidays facilitate the co-ordination of leisure time but do not constrain the annual amount of leisure. Public holidays therefore have benefits both in the utility of leisure on holidays and (by enabling people to maintain social contacts more easily) in increasing...

In this paper we examine if partners in households coordinate their working times. Also we examine how this coordination influences the (in)formal demand for child care and the time spent on joint activities. The activities that we distinguish are the time that partners spent together, spent...

In less developed countries like Peru, it is very frequent to observe that, in poor households, parents and children work together doing household work in their own home. This fact is even more evident among girls, who work at home cleaning, cooking, taking care of younger siblings, etc., which...

Hundreds of papers have investigated how incentives and policies affect hours worked in the market. This paper examines how income taxes affect time allocation in the other two-thirds of the day. Using the Panel Study of Income Dynamics from 1975 to 2004, we analyze the response of single...

We examine the optimal consumption decisions of households in a micro-founded framework that assumes two financial frictions: heterogeneity between borrowing and saving households, and endogenous default. We study default in the context of two-period overlapping processes of consumer behavior,...

In this study we assume that household demand for private and public goods are the e¢cient outcomes of the household decission process. From the efcient assumption we derive testable properties of these demands and we identify some characteristics of the intrahousehold distribution of the...

Financial freedom is generally understood as state to do anything whenever you want. Financial well being brings lot of direct benefits like mental peace and capability to help others financially. Gender equality is new development of last few decades and one sees women in various roles,...