Beware of Workaholics: Household Preferences and Individual Equilibrium Utility This paper analyzes the effects of sociological changes in the form of a shift of influence within two-member households participating in labor and product markets. The most striking effects occur when household members differ in individual preferences and enjoy positive leisure-dependent externalities. For instance...

This paper studies human capital formation, labor supply and retirement decisions associated with four alternative regimes of social security. We implement a theoretical model with overlapping generations of households and two different ability types within each generation. We find that with a given social security contribution rate, it is better to transfer income to the elderly as old-age ben...

We consider a stochastic overlapping generations model for a continuum of individuals with finite lives in presence of a financial market. In this paper, agent’s heterogeneity is given by the dates of birth of the households, on the contrary to standard models, in which each agent has his own aversion coefficient on his utility function. By means of the martingale arguments, we compute the agen...

Much of the disagreement over whether households are adequately prepared for retirement reflects differences in assumptions regarding the extent to which consumption declines when the kids leave home. If consumption declines substantially when the kids leave home, as some life-cycle models of retirement saving assume, households need to achieve lower replacement rates in retirement and need to ...

conclusions based on the results of this research, it seems that allocating public resources in the form of providing health insurance or government subsidies can decline financial burden of drugs on patients. results the results showed that the estimated effects of sub-specialist visits tariff and general physician visits tariff on the drug demand were positive but not significant (p > 0.05) a...

Online appendix figure I shows the dynamics of the effect of a change in the price of regular gasoline on the share of gasoline that is regular grade. The plot shows that a permanent increase in the regular price would increase the share of regular gasoline for at least six months. Online appendix figure II shows the distribution across households of the correlation between buying regular gasol...

We will consider household behavior in some number of periods indexed by t. In each period t, each household i must decide whether to purchase Clorin and, if so, whether to use it in their drinking water. In period t, each household i can decide to purchase Clorin for an exogenous, possibly household-specific offer price pit ∈ (0, R] , where R > 0 is the retail price of Clorin. If the household...

Court decisions in the past twenty years such as Southern Burlington County NAACP v. Mount Laurel Associated, as well recent legislation, have made exclusionary zoning laws based on race illegal and have limited, at least in many states, the legality of exclusionary zoning based on income. While there may be a number of reasons for the use of exclusionary or fiscal zoning, an economic rationale...

Consumption is one of the key concepts in economics due to its animate connections with GDP, savings, and utility. The current study aims analyse relationship between household consumption expenditures some characteristics Turkey through Household Budget Surveys TurkStat for years 2002 2018. With implementation quantile regression estimations, it shown that disposable income emerges as a very i...

The high incidence of electricity theft, meter tampering, bypassing, reading errors, and defective aged meters, among others, increases utility losses, especially non-technical losses (NTL). A in Ghana piloted a loss reduction program 2019 to replace postpaid meters with anti-tamper, anti-fraud, anti-theft smart prepaid meters. By using customer-level residential billing panel data from 2018 ob...