Full Citation

Title: Retirement, Home Production and Labor Supply Economics

Citation Type: Miscellaneous

Publication Year: 2013

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: We show that a life cycle model with home production implies a tight relationship between key preference parameters and the changes in time allocated to home production and leisure at retirement. We derive this relationship and use data from the ATUS to explore its quantitative implications. Our method implies that the intertemporal elasticity of substitution for leisure is quite large, in excess of one and possibly as high as two.

Url: https://www.aeaweb.org/aea/2014conference/program/retrieve.php?pdfid=751

User Submitted?: No

Authors: Wallenius, Johanna; Rogerson, R.

Publisher: Princeton University

Data Collections: IPUMS Time Use - ATUS

Topics: Aging and Retirement, Labor Force and Occupational Structure

Countries: