Empirical Estimation Results of a Collective Household Time Allocation Model
Abstract
In this paper an empirical model is developed where the collective household model is used as a basic framework to describe the time allocation problem. The collective model views household behavior as the outcome of maximizing a household utility function which is a weighted sum of the utility functions of the male and the female. The empirical research that has been done is mainly focused on testing and refuting the unitary model. Moreover, in the bulk of time allocation literature the main accent still lies on the development of theory. The novelty of this paper is that we empirically estimate the two individual utility functions and the household power weight distribution, which is parameterized per household. The model is estimated on a sub-sample of the British Household Panel Survey, consisting of two-earner households.Download Info
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Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 05-096/3.Length:
Date of creation: 21 Oct 2005
Date of revision: 06 Apr 2006
Handle: RePEc:dgr:uvatin:20050096
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Related research
Keywords: Collective household models; Labor supply; Time allocation; Intra-household;Other versions of this item:
- van Klaveren, Chris & van Praag, Bernard M. S. & Maassen van den Brink, Henriette, 2006. "Empirical Estimation Results of a Collective Household Time Allocation Model," IZA Discussion Papers 2107, Institute for the Study of Labor (IZA).
- Chris van Klaveren & Bernard M.S. van Praag & Henriette Maassen van den Brink, 2006. "Empirical Estimation Results of a Collective Household Time Allocation Model," CESifo Working Paper Series 1716, CESifo Group Munich.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-19 (All new papers)
- NEP-LAB-2005-11-19 (Labour Economics)
- NEP-LTV-2005-11-19 (Unemployment, Inequality & Poverty)
- NEP-UPT-2005-11-19 (Utility Models & Prospect Theory)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Carlo Altavilla & Paul De Grauwe, 2006.
"Forecasting and Combining Competing Models of Exchange Rate Determination,"
CESifo Working Paper Series
1747, CESifo Group Munich.
- Carlo Altavilla & Paul De Grauwe, 2010. "Forecasting and combining competing models of exchange rate determination," Applied Economics, Taylor and Francis Journals, vol. 42(27), pages 3455-3480.
- Altavilla, C & De Grauwe, Paul, 2006. "Forecasting and combining competing models of exchange rate determination," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/120865, Katholieke Universiteit Leuven.
- Altavilla, Carlo & De Grauwe, Paul, 2010. "Forecasting and combining competing models of exchange rate determination," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/234426, Katholieke Universiteit Leuven.
- Altavilla, Carlo & De Grauwe, Paul, 2010. "Forecasting and combining competing models of exchange rate determination," Open Access publications from Katholieke Universiteit Leuven urn:hdl:123456789/288330, Katholieke Universiteit Leuven.
- Carlo Altavilla & Paul De Grauwe, 2006. "Forecasting and Combining Competing Models of Exchange rate Determination," Discussion Papers 5_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Chiappori, Pierre-André & Donni, Olivier, 2009. "Non-unitary Models of Household Behavior: A Survey of the Literature," IZA Discussion Papers 4603, Institute for the Study of Labor (IZA).
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