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https://hdl.handle.net/10419/20271
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Apps, Patricia | en |
dc.contributor.author | Rees, Ray | en |
dc.date.accessioned | 2009-01-28T16:12:53Z | - |
dc.date.available | 2009-01-28T16:12:53Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20271 | - |
dc.description.abstract | This 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.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1036 | en |
dc.subject.jel | H31 | en |
dc.subject.jel | D13 | en |
dc.subject.jel | D91 | en |
dc.subject.jel | J2 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | saving | en |
dc.subject.keyword | labour supply | en |
dc.subject.keyword | imperfect capital market | en |
dc.subject.keyword | lifecycle | en |
dc.subject.stw | Lebensverlauf | en |
dc.subject.stw | Arbeitsangebot | en |
dc.subject.stw | Sparen | en |
dc.subject.stw | Konsumtheorie | en |
dc.subject.stw | Zeitallokation | en |
dc.subject.stw | Finanzmarkt | en |
dc.subject.stw | Unvollkommener Markt | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Australien | en |
dc.title | Life Cycle Time Allocation and Saving in an Imperfect Capital Market | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 380019973 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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