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In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive ana...
Traditionally, it has been argued that profit sharing can increase employment and welfare because it lowers marginal labour costs without reducing total cost or labour income. In this paper, we show...
Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of th...
To date, 16 states have passed medical marijuana laws, yet very little is known about their effects. Using state-level data, we examine the relationship between medical marijuana laws and a variety of...
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the busi...
The paper investigates how employees use secondary employment to smooth out consumption shortfalls from non-anticipated wage shocks in their main employment. The identification strategy exploits surpr...
The objective of the study is to analyze the problems with promoting local consumption of a specific local breed. As a result of the questionnaire survey of the local consumers who bought Japanese Sho...
The objective of this paper is to analyze the Japanese household consumption patterns during 1990-2003, after the bubble economy burst, by estimating a Linear Approximate Almost Ideal Demand System (L...
The objective of this paper is to analyze the consumption patterns of the Japanese one-person households in the years between 2000 and 2005. A Linear Approximate Almost Ideal Demand System (LAIDS) mod...
Between 1981 and 2001, economic inequality among groups in the general population has increased in the United States; two measures of income and consumption are used to gauge relative well-being.
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 – 1998), Russia experienced two major ...
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household prod...
We analyze Engel curves for nuclear households in rural China. The sample includes more than 5000 nuclear families covering nineteen out of thirty Chinese provinces. We consider expenditures on food, ...
In this study we provide evidence on the effect of alcohol consumption on occupational attainment in England. To do this we use samples of employees from the Health Survey for England between 1992 and...
Recent work criticises both the logic and relevance of the theoretical basis of the approach to estimating the costs of raising children adopted in much of the economics literature. This tends to be r...

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