A general extension result with applications to convexity, homotheticity and monotonicity
In: Mathematical social sciences, Band 57, Heft 1, S. 96-109
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In: Mathematical social sciences, Band 57, Heft 1, S. 96-109
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In: Mathematical social sciences, Band 57, Heft 1, S. 1-15
In: Economica, Band 79, Heft 316, S. 747-765
ISSN: 1468-0335
We introduce and characterize a new measure of aggregate income growth that allows us to give more weight to individuals with lower individual income growth. Our measure includes several important measures of directional mobility encountered in the literature. The empirical application compares the measure of income growth between the USA and Germany, and finds that giving more weight to individuals with lower income growth reverses the ranking.
In: Economica, Band 79, Heft 316, S. 747-765
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In: The economic journal: the journal of the Royal Economic Society, Band 123, Heft 567, S. 195-235
ISSN: 1468-0297
In: The economic journal: the journal of the Royal Economic Society, Band 121, Heft 555, S. 1073-1096
ISSN: 1468-0297
In: The economic journal: the journal of the Royal Economic Society, Band 130, Heft 627, S. 587-622
ISSN: 1468-0297
AbstractWe propose a novel approach to model joint consumption decisions of individuals who care for each other. The model encompasses a continuum of group consumption models situated between the fully co-operative model and the non-cooperative model without caring. We also define a measure for the degree of intragroup cooperation that quantifies how close the observed group behaviour is to fully co-operative behaviour. Following a revealed preference approach, we derive testable implications of the model for empirical data. We use our model to analyse decisions made by children in an experimental setting.
In: American economic review, Band 107, Heft 6, S. 1507-1534
ISSN: 1944-7981
We develop a novel framework to analyze the structural implications of the marriage market for household consumption. We define a revealed preference characterization of efficient household consumption when the marriage is stable. We characterize stable marriage with intrahousehold (consumption) transfers but without assuming transferable utility. Our revealed preference characterization generates testable conditions even with a single observation per household and heterogeneous individual preferences across households. The characterization also allows for identifying the intrahousehold decision structure (including the sharing rule) under the same minimalistic assumptions. An application to Dutch household data illustrates the usefulness of our theoretical results. (JEL D60, D63, H21, H23, I38)
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In: IZA Discussion Paper No. 8070
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