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Empirical Estimation Results of a Collective Household Time Allocation Model

Author: Chris van Klaveren; Bernard M S van Praag; Henriette Maassen van den Brink
Publisher: München : CESifo, Center for Economic Studies & Ifo Institute for economic research, 2006.
Series: CESifo working paper series, 1716.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Chris van Klaveren; Bernard M S van Praag; Henriette Maassen van den Brink
OCLC Number: 429461607
Description: 1 online resource (Text.)
Series Title: CESifo working paper series, 1716.
Responsibility: Chris van Klaveren, Bernard M.S. van Praag, Henriette Maassen van den Brink.

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.

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