Narrow search
Showing 1 - 10 of 1,152
Cover Image
A Life-Cycle Model of Habitual Dependence in Leisure Demand
Gurdgiev, Constantin - 2008
-persistence of leisure demand. The model establishes a link between the habitual leisure and income effects, which amplifies the … the strength of habit formation. At the same time, the wage elasticity of demand for leisure and the income elasticity of … consumption are shown to be functions of the strength of habit formation. The model concludes that while habitual leisure captures …
Persistent link: https://www.econbiz.de/10012725127
Cover Image
Intertemporal elasticity of substitution with leisure margin
Yagihashi, Takeshi; Du, Juan - In: Review of Economics of the Household 21 (2023) 4, pp. 1473-1504
Persistent link: https://www.econbiz.de/10014383979
Cover Image
Bundling time and goods : implications for hours dispersion
Fang, Lei; Hannusch, Anne; Silos, Pedro - 2020
We document the large dispersion in hours worked in the cross-section. We account for this fact using a model in which households combine market inputs and time to produce a set of nonmarket activities. To estimate the model, we create a novel data set that pairs market expenditures and time use...
Persistent link: https://www.econbiz.de/10012150238
Cover Image
Estimating Time Preferences for Leisure
Bigoni, Maria; Dragone, Davide; Luchini, Stéphane; … - 2021
(leisure). Our novel design allows to measure whether participants prefer to anticipate or delay gratification, without …-monetary rewards (negative time preferences for leisure). These results cannot be explained by personal timetables and heterogeneous …
Persistent link: https://www.econbiz.de/10013216566
Cover Image
Estimating time preferences for leisure
Bigoni, Maria; Dragone, Davide; Luchini, Stéphane; … - 2021
(leisure). Our novel design allows to measure whether participants prefer to anticipate or delay gratification, without …-monetary rewards (negative time preferences for leisure). These results cannot be explained by personal timetables and heterogeneous …
Persistent link: https://www.econbiz.de/10012596211
Cover Image
On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods, Second Version
Hai, Rong - 2014
We propose a new category of consumption goods, memorable goods, that generate a flow of utility after consumption. We analyze an otherwise standard consumption model that distinguishes memorable goods from other nondurable goods. Consumers optimally choose lumpy consumption of memorable goods....
Persistent link: https://www.econbiz.de/10013055339
Cover Image
On the welfare cost of consumption fluctuations in the presence of memorable goods
Hai, Rong; Krueger, Dirk; Postlewaite, Andrew - 2013
We propose a new classification of consumption goods into nondurable goods, durable goods and a new class which we call "memorable" goods. A good is memorable if a consumer can draw current utility from its past consumption experience through memory. We construct a novel consumption-savings...
Persistent link: https://www.econbiz.de/10010208579
Cover Image
On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods
Hai, Rong - 2020
We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes. Memorable goods expenditures are 20% the size of...
Persistent link: https://www.econbiz.de/10012829727
Cover Image
On the welfare cost of consumption fluctuations in the presence of memorable goods
Hai, Rong; Krueger, Dirk; Postlewaite, Andrew - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1177-1214
We propose a new category of consumption goods, memorable goods, that generate a utility flow even after physical consumption. Empirically, memorable goods expenditures exhibit frequent zero monthly purchases and lumpy expenditure spikes. Memorable goods expenditures are 20% the size of...
Persistent link: https://www.econbiz.de/10012316338
Cover Image
On the Welfare Cost of Consumption Fluctuations in the Presence of Memorable Goods, Second Version
Hai, Rong - 2018
We propose a new category of consumption goods, memorable goods, that generate a flow of utility after consumption. We analyze an otherwise standard consumption model that distinguishes memorable goods from other nondurable goods. Consumers optimally choose lumpy consumption of memorable goods....
Persistent link: https://www.econbiz.de/10012937535