scholarly journals Married with Children: A Collective Labor Supply Model with Detailed Time Use and Intrahousehold Expenditure Information

2010 ◽  
Author(s):  
Laurens Cherchye ◽  
Bram De Rock ◽  
Frederic Vermeulen
Keyword(s):  
Labor Supply ◽  
Time Use ◽  
Supply Model

scholarly journals Married with Children: A Collective Labor Supply Model with Detailed Time Use and Intrahousehold Expenditure Information

2012 ◽  
Vol 102 (7) ◽  
pp. 3377-3405 ◽  
Author(s):  
Laurens Cherchye ◽  
Bram De Rock ◽  
Frederic Vermeulen
Keyword(s):  
Labor Supply ◽  
Time Use ◽  
Private Consumption ◽  
Household Production ◽  
Collective Model ◽  
Two Stage ◽  
Estimation Strategy ◽  
Unique Data ◽  
Supply Model

We propose a collective labor supply model with household production that generalizes a model of Blundell, Chiappori, and Meghir (2005). Adults' preferences depend not only on own leisure and individual private consumption of market goods. They also depend on the consumption of domestic goods, which are produced by combining market goods with individuals' time. A new identification result, which uses production shifters, is developed. We apply our model to unique data on Dutch couples with children. Our application uses a novel estimation strategy that builds upon the familiar two-stage allocation representation of the collective model. (JEL D12, J12, J22)

Modelling the Time Allocation Effects of Basic Income

2018 ◽  
Vol 13 (2) ◽  
Author(s):  
Ana Helena Palermo Kuss ◽  
K. J. Bernhard Neumärker
Keyword(s):  
Social Welfare ◽  
Labor Supply ◽  
Time Use ◽  
Time Allocation ◽  
Economic Models ◽  
Unpaid Work ◽  
Meaning Of Work ◽  
Basic Income ◽  
Social Scientists ◽  
Supply Model

Abstract Most of the economic models on basic income account just for pecuniary forms of work, i. e. “time spent making money”, in employment. This restriction is a drawback of these analyses and of the standard economic labor supply model itself. If one wants to understand the potential effects of basic income on individual and social welfare, one should not restrict observation to the pecuniary uses of time. The objective of this contribution is to rethink the meaning of work usually applied in economic models, based on contributions of other social scientists. This reassessment is undertaken through the development of a microeconomic model, which discusses the effects of basic income on time use and interprets work not just as a source of income, but also of non-pecuniary benefits. Further, we disentangle the usual work-leisure dichotomy in two other ones (paid and unpaid time/unpaid work and leisure).

Health, Human Capital, and Life Cycle Labor Supply

2014 ◽  
Vol 104 (5) ◽  
pp. 127-131 ◽  
Author(s):  
Charles Hokayem ◽  
James P. Ziliak
Keyword(s):  
Human Capital ◽  
Life Cycle ◽  
Labor Supply ◽  
Strong Evidence ◽  
Capital Stock ◽  
Good Health ◽  
Learning By Doing ◽  
Health Capital ◽  
Supply Model

We use new PSID data on consumption and health, along with information on annual sick time, to estimate a structural labor supply model that incorporates a health capital stock with the traditional human capital learning-by-doing model. The estimates show strong evidence of learning by doing as well as strong persistence in health. However, the estimates reveal that time and money seem to have little effect on health consistent with 'flat of the curve' medicine. We find strong evidence that consumption and leisure are direct substitutes in preferences, and consumption and leisure are each utility complements with good health.

Estimating the perceived tax scale within a labor supply model

1996 ◽  
Vol 52 (1) ◽  
pp. 75-79 ◽  
Author(s):  
Kurt Brännäs ◽  
Niklas Karlsson
Keyword(s):  
Labor Supply ◽  
Supply Model
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