Nonparametric Analysis Of Household Labor Supply Goodness Of It And Power Of The Unitary And The Collective Model
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Nonparametric Analysis of Household Labor Supply
| Author | : Laurens Cherchye |
| Publisher | : |
| Total Pages | : |
| Release | : 2006 |
| Genre | : Households |
| ISBN | : |
"We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the intrahousehold bargaining process. Our analysis focuses on the goodness-of-fit of the two behavioral models. To guarantee a fair comparison, we complement this goodness-of-fit analysis with a power analysis. Our results strongly favor the collective approach to modeling the behavior of multi-person households"--Forschungsinstitut zur Zukunft der Arbeit web site.
Quantifying Consumer Preferences
| Author | : Daniel Slottje |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 410 |
| Release | : 2009-05-21 |
| Genre | : Business & Economics |
| ISBN | : 1848553137 |
Demand studies and understanding consumer behavior remain two of the most important areas of analysis by practicing applied economists and econometricians. This book presents research on the estimation of demand systems and the measurement of consumer preferences.
Comparison Between Unitary and Collective Models of Household Labor Supply with Taxation
| Author | : Denis Beninger |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
Several recent papers have shown the relevance of collective models for the empirical investigation of household labor supply and consumption. Yet the estimation of collective models in the presence of non-linear budget sets and participation decisions remains a daunting task. This paper compares collective and unitary models on the basis of simulated collective data with income taxation. We distinguish the cases of individual and joint taxation. Estimating the unitary model we obtain strikingly different 'preference' parameters depending on the type of taxation. We also obtain substantial differences between predicted adjustments to labor supply following a switch between tax regimes, and hence potentially wide-ranging definitions of revenue-neutral versions of tax reforms. Finally we discuss distortions affecting the welfare analysis of reforms on the basis of unitary estimates when the model generating the data is a collective model. The results suggest that increased efforts should be devoted to the estimation of collective models with taxation.
Household Economic Behaviors
| Author | : J. A. Molina |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 195 |
| Release | : 2011-08-31 |
| Genre | : Psychology |
| ISBN | : 1441994319 |
Significant recent changes in the structure and composition of households make the study of the economic relationships within the household of particular interest for academics and policy-makers. In this context, Household Economic Behaviors, through its focus on theoretical and empirical chapters on a range of economic behaviors within the household, provides a new and timely viewpoint. Following the Introduction and one or two surveys which give a general background, the volume includes theoretical and empirical perspectives on allocation of available time within the household, monetary and non-monetary transfers between household members, and intra-household bargaining.
Handbook of the Economics of Population Aging
| Author | : John Piggott |
| Publisher | : Elsevier |
| Total Pages | : 602 |
| Release | : 2016-12-01 |
| Genre | : Social Science |
| ISBN | : 0444538410 |
Handbook of the Economics of Population Aging, Volume 1B provides the economic literature on aging and associated subjects, presenting comprehensive portraits of both social and theoretical issues. As the second of two volumes in this series on the economics of population aging, it continues the discussion, delving deeper into topics such as the labor market and human resource issues, gerontology, history, and the sociological and political ramifications of this fascinating topic whose inception dates back to the late 1970’s. This volume includes literature that has appeared in general economics journals, in various field journals in economics, especially, but not exclusively, those covering labor market and human resource issues, information from interdisciplinary social science and life science journals, and data presented in papers by economists published in journals associated with gerontology, history, sociology, political science, and demography, amongst others. Presents comprehensive portraits of social and theoretical issues that can be used by both policymakers and scholars Readers receive diverse perspectives on subjects that can be closely associated with national and regional concerns Chapters offer comprehensive, critical reviews and expositions on the essential aspects of the economics of population aging
A Collective Labor Supply Model
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2006 |
| Genre | : Age and employment |
| ISBN | : |
The authors study labor supply of elderly couples by means of a collective model. The model allows individuals to enjoy leisure more (or less) in company of their spouse (complementarity/ externalities in leisure). Preferences and the intra-household bargaining process are identified by using panel data through the dissolution of the household due to the death of one of the partners. The model does not only look at the extensive margin (working versus being retired), but also at the intensive margin (how many hours are worked). They apply the model to American households coming from the first six waves of the Health and Retirement Study. They compare model simulations with those from a standard unitary model for a set of policy reforms; such as the widely discussed proposals to eliminate the earnings test and the replacement of the spouse benefit with a past earnings sharing mechanism.
Economics of the Family
| Author | : Martin Browning |
| Publisher | : Cambridge University Press |
| Total Pages | : 511 |
| Release | : 2014-06-05 |
| Genre | : Business & Economics |
| ISBN | : 1107728924 |
The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
