Showing 1 - 10 of 132
Persistent link: https://www.econbiz.de/10011436425
We propose a novel structural method to empirically identify economies of scale in household consumption. We assume collective households with consumption technologies that define the public and private nature of expenditures through Barten scales. Our method recovers the technology by solely...
Persistent link: https://www.econbiz.de/10011543531
Persistent link: https://www.econbiz.de/10011417089
Persistent link: https://www.econbiz.de/10012035925
The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental...
Persistent link: https://www.econbiz.de/10010513450
Persistent link: https://www.econbiz.de/10011291431
Persistent link: https://www.econbiz.de/10011707636
Persistent link: https://www.econbiz.de/10011760501
Persistent link: https://www.econbiz.de/10011818979
We develop a novel framework to analyze the structural implications of the marriage market for household consumption patterns. We start by defining a revealed preference characterization of efficient household consumption when the marriage is stable. In particular, stability means that the...
Persistent link: https://www.econbiz.de/10010337411