Studying household investment behavior is essential for understanding the full consequences of old age social security benefits. Using data from six waves of the Health and Retirement Study, we analyze the dynamics of portfolio composition before respondents start claiming social security...

The household production model provides a useful theoretical framework in which one may analyze family labor supply issues. In this model, the family is viewed as if it were a small firm producing its ultimate wants within the household. In order to satisfy these wants, the family (firm)...

We estimate Frisch labour supply functions for married women using information on desired hours, under the assumptions that these are based on a smooth convex approximation of the budget constraint. The minimum distance approach used allows for correlated random effects both in the wage and in...