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Household intertemporal behaviour: A collective characterization and a test of commitment

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Full text - MIT Libraries
M Mazzocco - Review of Economic Studies, 2007 - Wiley Online Library
In this paper, a formal test of intra-household commitment is derived and performed. To that
end, two models of household intertemporal behaviour are developed. In both models,
household members are characterized by individual preferences. In the first formulation, ...
Cited by 102 - Related articles - BL Direct - All 18 versions

Saving, risk sharing, and preferences for risk

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M Mazzocco - The American Economic Review, 2004 - JSTOR
An important feature of household saving decisions is the ability of individual members to
share risk among them. With few exceptions, theoretical and empirical studies characterize
household saving as if a single agent were making the decision. Under this assumption, ...
Cited by 84 - Related articles - BL Direct - All 13 versions

[PDF] Household intertemporal behavior: A collective characterization and empirical tests

[PDF] from uqam.ca
M Mazzocco - Manuscript, University of Wisconsin, 2003 - econ.uqam.ca
Abstract In this paper, each household is characterized as a group of agents making joint
decisions. Under the assumption of full commitment, it is shown that households with several
adults can be characterized by a unique utility function if and only if individual members ...
Cited by 38 - Related articles - View as HTML - All 15 versions

[PDF] Labor supply, wealth dynamics, and marriage decisions

[PDF] from nber.org
M Mazzocco… - University of Wisconsin Economics …, 2007 - nber.org
Abstract Evidence collected using the Panel Study of Income Dynamics (PSID) indicates that
labor supply, saving, and marital decisions are strongly linked. This paper has two main
goals. The first is to develop a model of household behavior that captures the empirical ...
Cited by 28 - Related articles - View as HTML - All 30 versions

Testing efficient risk sharing with heterogeneous risk preferences

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Full text - MIT Libraries
M Mazzocco - The American Economic Review, 2012 - ingentaconnect.com
Abstract: We propose a method that enables one to test efficient risk sharing even when
households have different risk preferences. The method is composed of three tests. The first
one determines whether in the data households have homogeneous risk preferences. The ...
Cited by 25 - Related articles - All 25 versions

Intertemporal Behavior and Household Structure

[PDF] from duke.edu
M Mazzocco - 2004 - papers.ssrn.com
Abstract: In this paper, the traditional household Euler equations are estimated for singles
and separately for couples. Using the CEX and the PSID, I reject the Euler equations of
couples, but I cannot reject the Euler equations of singles. To rationalize this result, I ...
Cited by 19 - Related articles - All 6 versions

[PDF] Testing Efficient Risk Sharing with Heterogeneous Risk Preferences

[PDF] from escholarship.org
M Mazzocco… - 2007 - escholarship.org
Abstract Previous papers have tested efficient risk sharing under the assumption of identical
risk preferences. In this paper we show that, if in the data households have heterogeneous
risk preferences, the tests proposed in the past reject efficiency even if households share ...
Cited by 17 - Related articles - View as HTML - All 25 versions

Individual rather than household euler equations: Identification and estimation of individual preferences using household data

[PDF] from escholarship.org
M Mazzocco - 2005 - papers.ssrn.com
Abstract: In this paper it is shown that the intratemporal and intertemporal preferences of
each decision maker in the household can be identified even if individual consumption is not
observed. This identification result is used jointly with the Consumer Expenditure Survey ( ...
Cited by 18 - Related articles - All 16 versions

[CITATION] Tied Transfers

M Brown, M Mazzocco, JK Scholz… - Department of Economics University …, 2006
Cited by 15 - Related articles

[CITATION] Intrahousehold allocation with limited commitment: An empirical characterization

O Attanasio… - 2003 - Working paper, University of …
Cited by 8 - Related articles

[CITATION] The decline of the US saving rate and the rise of health Expenditure

M Mazzocco… - 2010 - Working Paper, California Center for …
Cited by 3 - Related articles

[CITATION] VLabour Supply, Wealth Dynamics and Marriage DecisionV, University of California Los Angeles

M Mazzocco… - California Center for Population Research Working …, 2006
Cited by 3 - Related articles

[CITATION] Labor Supply Decisions and Commitment Within The Household: The Effect of The Irish Divorce Law

M Mazzocco… - 2004 - Working Paper, Department of …
Cited by 3 - Related articles

[CITATION] Household Intertemporal Behavior: a Collective Char acterization and Empirical Tests

M Maurizio - 2001
Cited by 2 - Related articles

[PDF] Parents' Preferences for Expenditure on Children When At Least One Parent Works and Preferences Are Non-separable

[PDF] from escholarship.org
M Mazzocco - 2006 - escholarship.org
Abstract The evaluation of policies designed to increase the early investment in children
requires knowledge of the parents' preferences for expenditure on children. In this paper it is
shown that these preferences can be recovered using variables available in commonly ...
Cited by 2 - Related articles - View as HTML - All 13 versions

[CITATION] Labor Supply, Wealth Dynamics and Marital Decisions

L Davis, M Mazzocco… - 2005 - Working Paper, Department of …
Cited by 2 - Related articles

[CITATION] Essays on household intertemporal behavior

M Mazzocco - 2001 - en.scientificcommons.org
Publikationsansicht. 6712895. Essays on household intertemporal behavior / (2001). Mazzocco,
Maurizio. Abstract. Thesis (Ph. D.)--University of Chicago, Dept. of Economics, August 2001..
Includes bibliographical references. Details der Publikation. ...
Cited by 3 - Related articles - Cached - Library Search - All 2 versions

[PDF] Understanding Corruption: Theory and Evidence from the Audits of Local

[PDF] from brown.edu
G Beylis, F Finan… - 2011 - econ.brown.edu
The abuse of entrusted power by politicians through rent-seeking and corruption is a serious
concern in much of the developing world. Developing countries have provided numerous
examples of political elites diverting funds intended for basic public services such as ...
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[PDF] Understanding Corruption: Theory and Evidence from the Audits of Local

[PDF] from upenn.edu
F Finan… - 2009 - economics.sas.upenn.edu
The abuse of entrusted power by politicians through rent-seeking and corruption is a serious
concern in much of the developing world. Developing countries have provided numerous
examples of political elites diverting funds intended for basic public services such as ...
Related articles - View as HTML - All 4 versions

The Effect of Marriage Shocks on Wealth Dynamics

LW Davis… - 2004 Meeting Papers, 2004 - ideas.repec.org
Saving rates have fallen steadily in the US since the 1970s. The literature has proposed
numerous possible explanations for the decrease including increases in governmental
insurance, changes in the distribution of income, and increases in annuitized wealth. ...
Cached - All 4 versions

[PDF] Explaining the Decline of the US Saving Rate: the Joint Role of Health Expenditure and Employer Contributions

[PDF] from ucla.edu
M Mazzocco… - 2010 - papers.ccpr.ucla.edu
Abstract In this paper we show that a single variable can explain the decline in the US
personal saving rate from 9 percent in the early eighties to below 2 percent in 2007. This
variable is health expenditure net of employer contributions to pension and health ...
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[CITATION] Testing Efficiency: Semi-parametric Tests with an Application to Village Economies

M Mazzocco… - 2005
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[PDF] Labor Supply, Wealth Dynamics, and Marriage Decisions

[PDF] from stanford.edu
LW Davis, M Mazzocco… - stanford.edu
Abstract Evidence collected using the Panel Study of Income Dynamics (PSID) indicates that
labor supply, saving, and marital decisions are strongly linked. This paper has two main
goals. The first is to develop a realistic model of household behavior that captures the ...
Related articles - View as HTML - All 3 versions

[PDF] Wage Dynamics of Single and Married Men1

[PDF] from wisc.edu
M Gold… - ssc.wisc.edu
Abstract In the paper we describe using the PSID what we believe is a new empirical finding
and analyze the implications of this data property. Men experience a growth in wages
starting a few years before marriage and ending within a few years after marriage. During ...
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