Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/20271 
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dc.contributor.authorApps, Patriciaen
dc.contributor.authorRees, Rayen
dc.date.accessioned2009-01-28T16:12:53Z-
dc.date.available2009-01-28T16:12:53Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20271-
dc.description.abstractThis paper combines income and expenditure with time use data to provide a unique pictureof the time paths of labour supplies, saving and full consumption for two-adult householdsover the life cycle. These data are used to test the life cycle model presented in the paper, atthe core of which is the hypothesis that households face a borrowing interest rate that risessharply with the amount of non collateral based borrowing. The household members jointlychoose time paths of time use, consumption and saving over their life cycle in the face of thiscapital market imperfection. This model explains the data much better than does thealternative hypothesis of a perfect capital market. Finally, households are shown to differsignificantly in their saving behaviour in a way that depends on secondary earner laboursupply, with a strong positive association between saving and the secondary earner?sincome.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1036en
dc.subject.jelH31en
dc.subject.jelD13en
dc.subject.jelD91en
dc.subject.jelJ2en
dc.subject.ddc330en
dc.subject.keywordsavingen
dc.subject.keywordlabour supplyen
dc.subject.keywordimperfect capital marketen
dc.subject.keywordlifecycleen
dc.subject.stwLebensverlaufen
dc.subject.stwArbeitsangeboten
dc.subject.stwSparenen
dc.subject.stwKonsumtheorieen
dc.subject.stwZeitallokationen
dc.subject.stwFinanzmarkten
dc.subject.stwUnvollkommener Markten
dc.subject.stwSchätzungen
dc.subject.stwAustralienen
dc.titleLife Cycle Time Allocation and Saving in an Imperfect Capital Market-
dc.typeWorking Paperen
dc.identifier.ppn380019973en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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