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dc.contributor.authorApps, Patriciaen_US
dc.contributor.authorRees, Rayen_US
dc.date.accessioned2009-01-28T16:12:53Z-
dc.date.available2009-01-28T16:12:53Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20271-
dc.description.abstractThis paper combines income and expenditure with time use data to provide a unique picture of the time paths of labour supplies, saving and full consumption for two-adult households over the life cycle. These data are used to test the life cycle model presented in the paper, at the core of which is the hypothesis that households face a borrowing interest rate that rises sharply with the amount of non collateral based borrowing. The household members jointly choose time paths of time use, consumption and saving over their life cycle in the face of this capital market imperfection. This model explains the data much better than does the alternative hypothesis of a perfect capital market. Finally, households are shown to differ significantly in their saving behaviour in a way that depends on secondary earner labour supply, with a strong positive association between saving and the secondary earner?s income.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1036en_US
dc.subject.jelH31en_US
dc.subject.jelD13en_US
dc.subject.jelD91en_US
dc.subject.jelJ2en_US
dc.subject.ddc330en_US
dc.subject.keywordsavingen_US
dc.subject.keywordlabour supplyen_US
dc.subject.keywordimperfect capital marketen_US
dc.subject.keywordlifecycleen_US
dc.subject.stwLebensverlaufen_US
dc.subject.stwArbeitsangeboten_US
dc.subject.stwSparenen_US
dc.subject.stwKonsumtheorieen_US
dc.subject.stwZeitallokationen_US
dc.subject.stwFinanzmarkten_US
dc.subject.stwUnvollkommener Markten_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwAustralienen_US
dc.titleLife Cycle Time Allocation and Saving in an Imperfect Capital Marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn380019973en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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