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The size of the average American household has fallen dramatically -from six in 1850 to three in 2000. To explain this … decline we model households as collections of roommates who share the costs of household public goods. If private goods are … explain 37 percent of the observed reduction in the number of adults per household and 16 percent of the reduction in the …
Persistent link: https://www.econbiz.de/10008656731
household of only three people, in 1850 household size was twice that figure. Furthermore, both the number of children and the … number of adults in a household have fallen dramatically. We develop a simple theory of household size where living with … others is beneficial solely because the costs of household public goods can be shared. In other words, we abstract from …
Persistent link: https://www.econbiz.de/10011756503
The sharp rise in household finance, both in debt and in assets, is one of the striking empirical facts about the US … have affected household finance. We use SVAR analysis to establish whether there is a link between the retrenchment of … public social spending and the expansion of tax-incentivised private social spending, on the one hand, and household finance …
Persistent link: https://www.econbiz.de/10013062352
This paper uses the most recent wave of a nationally representative dataset to examine the factors associated with elderly homeowners' decision to obtain reverse mortgage loans. The findings of this study suggest that very few homeowners participated in the reverse mortgage market, and...
Persistent link: https://www.econbiz.de/10011474457
Using a model with housing search, endogenous credit constraints, and mortgage default, this paper accounts for the housing crash from 2006 to 2011 and its implications for aggregate and cross-sectional consumption during the Great Recession. Left tail shocks to labor market uncertainty and...
Persistent link: https://www.econbiz.de/10011782612
The combined supply and demand shocks of the COVID-19 pandemic have created the largest shift in consumer behavior in recent history, while exposing millions of households to material hardships like food insecurity and housing instability. In this study, we draw on national surveys conducted...
Persistent link: https://www.econbiz.de/10013245653
-inconsistent preferences. In our model, hyperbolic discounting couples engage in household production activities, thereby accumulating family … standard models of household behavior. Examples include: marriage contracts that serve as barriers to hasty divorces (e …
Persistent link: https://www.econbiz.de/10011509239
We estimate US household monthly elasticities of demand for some of the more popular organic fruits. To our knowledge … elasticity magnitudes tend to be largest in the representative middle-class household. Income elasticities of demand measurements …
Persistent link: https://www.econbiz.de/10012900489
This study updates existing literature on consumer/household demand for fiber by examining household purchase dynamics …, and household demographic information over time. Overall, household purchase decisions are found to be characterized by … dependence, implying that lagged purchases have a strong effect on current household decisions such that households purchasing …
Persistent link: https://www.econbiz.de/10012929687
and forecasts the U.S. home ownership, using an empirical household tenure choice model. The analysis is conducted in two … stages. First, we estimate a reduced form logistic model for household tenure choice on data extracted from the U.S. Survey … rate, house price, unemployment rates, etc. to predict the future household tenure choice, and eventually forecast the home …
Persistent link: https://www.econbiz.de/10013078988