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Does home production replace consumption spending? Evidence from shocks in housing wealth in the Great Recession
Becker’s theory of home production suggests substitutability between consumption spending and home production. Using panel data with detailed information on spending and time use, we analyze house-holds’ ability to replace consumption spending by home produced counterparts. Keeping wages fixed and c...
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| Udgivet i: | Rev Econ Stat |
|---|---|
| Main Authors: | , , |
| Format: | Artigo |
| Sprog: | Inglês |
| Udgivet: |
2020
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| Fag: | |
| Online adgang: | https://ncbi.nlm.nih.gov/pmc/articles/PMC7597678/ https://ncbi.nlm.nih.gov/pubmed/33132446 https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1162/rest_a_00794 |
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