Hostname: page-component-78c5997874-4rdpn Total loading time: 0 Render date: 2024-11-08T07:20:32.391Z Has data issue: false hasContentIssue false

Commodity Demands and Female Labour-Supply over the Life-Cycle

Published online by Cambridge University Press:  17 August 2016

Pedro Duarte Neves*
Affiliation:
Universidade Católica Portuguesa
Get access

Summary

This paper outlines a methodology to identify the preference parameters that characterize household behaviour over the life-cycle, through the specification and estimation of a model of individual behaviour. The focus of this research is directed towards commodity demands, female labour supply and the intertemporal allocation of lifetime wealth. Empirical estimates of the parameters of interest are reported at the end of this paper.

Résumé

Résumé

Cet article met en avant une méthodologie qui permet d’identifier les paramètres de préférences qui caractérisent les comportements des ménages au cours du cycle de vie, au travers de la spécification et de l’estimation d’un modèle de comportement individuel. La recherche est centrée sur les demandes de biens, l’offre de travail des femmes et l’allocation intertemporelle de la richesse. Des estimations empiriques des paramètres concernés sont rapportés à la fin de l’article.

Type
Research Article
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1992 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

(*)

This paper summarizes the main conclusions of my doctoral dissertation. Anton Barten’s and Richard Blundell’s supervision and cooperation were essential. Financial support from Junta Nacional de Investigação Científica e Tecnológica and from the Commission of the European Communities is gratefully acknowledged.

References

REFERENCES

Barnett, W.A. (1979), The Joint Allocation of Leisure and Goods Expenditure, Econometrica, 47–3, 539–563.Google Scholar
Barten, A.P. (1964), Consumer Demand Functions under Conditions of Almost Additive Preferences, Econometrica, 32, 138.Google Scholar
Blundell, R.W. (1988), Consumer Behaviour: Theory and Empirical Evidence – A Survey, The Economic Journal, 98, 1665.Google Scholar
Blundell, R.W. (1990), Econometric Approaches to the Specification and Estimation of Intertemporal Consumer Behaviour, Mimeo.Google Scholar
Blundell, R.W., Browning, M.J. and Meghir, C. (1989), A Microeconometric Model of Intertemporal Substitution and Consumer Demand, Discussion Paper n° 89–11, University College London.Google Scholar
Blundell, R.W., and Walker, I. (1982), Moddeling the Joint Determination of Household Labour Supplies and Commodity Demands, Economic Journal, 92, 351364.Google Scholar
Blundell, R.W., C MEGHIR, E. Symons, E., and Walker, I, (1988), Labour Supply Specification and the Evaluation of Tax Reforms, Journal of Public Economics, 36, 2352.Google Scholar
Browning, M.J. (1985), Which Demand Elasticities Do We Know and Which Do We Need to Know for Policy Analysis?, Discussion Paper n° 85–13, McMaster University.Google Scholar
Browning, M.J. (1989), A Simple Non Additive Preference Structure for Models of Household Behaviour Over Time, Discussion Paper, McMaster University.Google Scholar
Browning, M.J., Deaton, A.S. and Irish, M. (1985), A Profitable Approach to Labour Supply and Commodity Demands Over the Life-Cycle, Econometrica, 53, 503544.Google Scholar
Browning, M.J., and Meghir, C. (1991), The Effects of Male and Female Labour Supply on Commodity Demands, Econometrica 59, 925951.Google Scholar
Deaton, A.S. (1981), Theoretical and Empirical Approaches to Consumer Demand Under Rationing, in Essays in The Theory and Measurement of Consumers’ Behaviour, Deaton, A.S. ed., Cambridge University Press, New York.Google Scholar
Deaton, A.S. and Muellbauer, J. (1980a), Economics and Consumer Behaviour, Cambridge University Press.Google Scholar
Deaton, A.S. and Muellbauer, J. (1980b), An Almost Ideal Demand System, American Economic Review, 70, 312326.Google Scholar
Frisch, R. (1959), A Complete Scheme for Computing all Direct and Cross Demand Elasticities in a Model with Many Sectors, Econometrica, 27, 177195.Google Scholar
Heckman, J.J. (1979), Sample Selection Bias as a Specification Error, Econometrica 47, 153161.Google Scholar
Heckman, J.J. and Mccurdy, T.E.(1980), A Life Cycle Model of Female Labour Supply, Review of Economic Studies, 47, 4774.Google Scholar
Houthakker, H.S. (1960), Additive Preferences, Econometrica, 28–2, 244257.Google Scholar
Jorgenson, D., Lau, L. and Stoker, T. (1980), Welfare Comparison under Exact Aggregation, American Economic Review, 70, 268272.Google Scholar
Keen, M. (1987), Welfare Analysis and Intertemporal Substitution, Working Paper n° 87/5, The Institute for Fiscal Studies.Google Scholar
King, M.A. (1983), Welfare Analysis of Tax Reforms Using Household Data, Journal of Public Economics, 21, 183214.Google Scholar
King, M.A. (1985), The Economics of Saving: A Survey of Recent Contributions, in Frontiers in Economics, Arrow, K. and Houkapohja, S. eds., Basil Blackwell, Oxford.Google Scholar
King, M.A. (1987), The Empirical Analysis of Tax Reforms, in: Bewley, T. ed., Advances in Econometrics, Cambridge University Press.Google Scholar
Lee, L.-F., and Pltt, M.M. (1986), Microeconometric Demand Systems with Binding Nonnegativity Constraints: the Dual Approach, Econometrica, 54, 12371242.Google Scholar
Mccurdy, T.E. (1981), An Empirical Model of Labour Supply in a Life Cycle Setting, Journal of Political Economy, 89, 10591085.Google Scholar
Mccurdy, T.E. (1983), A Simple Scheme for Estimating an Intertemporal Model of Labour Supply and Consumption in the Presence of Taxes and Uncertainty, International Economic Review, 24, 265289.Google Scholar
Muellbauer, J. and Pashardes, P. (1983), Tests of Dynamic Specification and Homogeneity in Demand Systems, Discussion Paper n° 125, Birkbeck College.Google Scholar
Phlips, L. (1974), Applied Consumption Analysis, Amsterdam and Oxford: North-Holland.Google Scholar
Phlips, L. and Spinnewyn, F. (1981), Rational and Myopic Demand System, in: Advances in Econometrics, Bassman, R. and Rhodes, J., eds, JAI Press. Google Scholar
Pollak, R.A. (1969), Conditional Demand Functions and Consumption Theory, Quartely Journal of Economics, 83, 7078.Google Scholar
Pollak, R.A. (1971), Conditional Demand Functions and the Implications of Separability, Southern Economic Journal, 37, 423433.Google Scholar
Spinnewyn, F. (1981), Rational Habit Formation, European Economic Review, 15, 91109.Google Scholar
Symons, E. and Walker, I. (1988), The Revenue and Welfare Effects of Fiscal Harmonisation for the UK, Working Paper n° 88/8A, The Institute for Fiscal Studies.Google Scholar
Verbeek, M. and Nljman, T. (1990), Can Cohort Data Be Treated as Genuine Panel Data, mimeo, Tilburg University.Google Scholar
Wales, T.J. and Woodland, A.D. (1983), Estimation of Consumer Demand Systems with Binding Nonnegativity Constraints, Journal of Econometrics, 21, 263285.Google Scholar
Weissenberger, E. (1981), An Intertemporal System of Dynamic Consumer Demand Functions, European Economic Review, 30, 859892.Google Scholar