In this paper, we analyze the nature of intra-household allocations and commitment using unique panel data on individual-specific within-household consumption expenditures and on time used for leisure, market production and home production. Specifically we estimate a dynamic collective model of...

Classified broadly, two motives for intra-family transfers exist: altruism and selfishness. This paper examines two selfish hypotheses − the exchange motive (strategic bequest motive)and the demonstration effect − using a new Japanese micro data set. My analysis of the determinants of...

Most of the workers who earn at or below the minimum wage are either less educated, young, or female in the United States. In light of this, we examine the extent to which the minimum wage influences the wage differential among workers with different observed characteristics and the wage...

Classified broadly, two motives for intra-family transfers exist: altruism and selfishness. This paper examines two selfish hypotheses - the exchange motive (strategic bequest motive) and them demonstration effect - using a new Japanese micro data set. My analysis of the determinants of...