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来源类型Working Paper
规范类型报告
DOI10.3386/w24263
来源IDWorking Paper 24263
Household Time Use Among Older Couples: Evidence and Implications for Labor Supply Parameters
Richard Rogerson; Johanna Wallenius
发表日期2018-01-29
出版年2018
语种英语
摘要Using the Consumption Activities Mail Survey (CAMS) module in the HRS we document how time allocations change for individuals within a household when one or more members transitions from full time work to not working. Our basic finding is that the ratio of home production to leisure time is approximately constant for both family members. We then build a model of household labor supply to understand the implications of this finding for preferences and the home production function. We conclude that this fact suggests a relatively large elasticity of substitution between the leisure of the two members. For commonly used preference specifications, this also implies a large (i.e., greater than one) intertemporal elasticity of substitution for leisure.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w24263
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/581937
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GB/T 7714
Richard Rogerson,Johanna Wallenius. Household Time Use Among Older Couples: Evidence and Implications for Labor Supply Parameters. 2018.
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