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The response of consumption and wive...

Nalewaik, Jeremy John.

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The response of consumption and wives' leisure to future income growth: Theory and synthetic panel evidence.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	The response of consumption and wives' leisure to future income growth: Theory and synthetic panel evidence./
作者:	Nalewaik, Jeremy John.
面頁冊數:	193 p.
附註:	Source: Dissertation Abstracts International, Volume: 64-07, Section: A, page: 2583.
Contained By:	Dissertation Abstracts International64-07A.
標題:	Economics, General. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3097144
ISBN:	0496447584

The response of consumption and wives' leisure to future income growth: Theory and synthetic panel evidence.
Nalewaik, Jeremy John.

The response of consumption and wives' leisure to future income growth: Theory and synthetic panel evidence. - 193 p.

Source: Dissertation Abstracts International, Volume: 64-07, Section: A, page: 2583.

Thesis (Ph.D.)--The University of Chicago, 2003.

This dissertation attempts to quantify the degree to which households are forward-looking, and finds some surprising results. The first chapter uses group means computed from twenty years (1980--1999) of the highest quality survey data available on U.S. households to show a strong and robust relation between consumption growth and subsequent realizations of income growth. Consumption growth predicts multiple types of variation in income growth, including business cycle variation, as far as six years ahead. The cross-section of groups helps distinguish forward-looking explanations for the results from alternative explanations based on aggregate feedback, and allows examination of heterogeneity by age and education.

ISBN: 0496447584Subjects--Topical Terms:

1017424
Economics, General.

The response of consumption and wives' leisure to future income growth: Theory and synthetic panel evidence.
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245 1 4 $a The response of consumption and wives' leisure to future income growth: Theory and synthetic panel evidence.
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500 $a Source: Dissertation Abstracts International, Volume: 64-07, Section: A, page: 2583.
500 $a Adviser: Steve Davis.
502 $a Thesis (Ph.D.)--The University of Chicago, 2003.
520 $a This dissertation attempts to quantify the degree to which households are forward-looking, and finds some surprising results. The first chapter uses group means computed from twenty years (1980--1999) of the highest quality survey data available on U.S. households to show a strong and robust relation between consumption growth and subsequent realizations of income growth. Consumption growth predicts multiple types of variation in income growth, including business cycle variation, as far as six years ahead. The cross-section of groups helps distinguish forward-looking explanations for the results from alternative explanations based on aggregate feedback, and allows examination of heterogeneity by age and education.
520 $a The second chapter studies the joint response of wives' leisure and consumption to innovations in current and expected future income, yielding three main contributions. First, the analysis provides a novel empirical characterization of income effects in a dynamic model of labor supply; indicating that wives' leisure responds not only to current household income but also to expected future income years ahead. Second, it derives and examines a stringent set of tests of household intertemporal optimization not been considered in prior work, tests that are not rejected on the paper's synthetic panel of group means. Third, the paper proposes a new strategy for estimating the elasticity of substitution for consumption, to be implemented in conjunction with estimates of the marginal rate of substitution between consumption and leisure. One set of these estimates centers around two-thirds, and another centers around unity.
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650 4 $a Economics, Labor. $3 1019135
650 4 $a Women's Studies. $3 1017481
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