Homework in labor economics: Household production and intertemporal substitution

被引：39

作者：

Rupert, P

Rogerson, R ^{[1
]}

Wright, R

机构：

[1] Fed Reserve Bank Cleveland, Cleveland, OH 44101 USA

[2] Univ Penn, Dept Econ, Philadelphia, PA 19106 USA

来源：

JOURNAL OF MONETARY ECONOMICS | 2000年 / 46卷 / 03期

基金：

美国国家科学基金会;

关键词：

intertemporal substitution; home production;

D O I：

10.1016/S0304-3932(00)00038-6

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We argue that estimates of intertemporal substitution elasticities obtained from standard life cycle models are subject to a downward bias because they neglect changes in work done at home over the life cycle. We extend the standard life cycle model to include home production and estimate it using data from three time use surveys. We find that the downward bias is large. (C) 2000 Published by Elsevier Science B.V. All rights reserved. JEL classification: D1; J2.

引用

页码：557 / 579

页数：23