Martin Browning
Dados Biográficos
| ID | 3605347 |
|---|---|
| NOME | Martin Browning |
| PRENOMES | Martin |
| SOBRENOME | Browning |
| ASSINATURA | BROWNING M |
| AFILIAÇÕES | University of Oxford |
| ORCID | 0000-0002-6802-4557 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 19 |
| TOTAL DE CITAÇÕES | 201 |
| TOTAL COMO AUTOR | 19 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1982 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2021 |
| ÍNDICE H | 6 |
Do you have time to take a walk together? Private and joint time within the household
We develop a theoretical model for the intra-household allocation of time and consumption that distinguishes between partners’ joint and private leisure. Estimating the model using time-use data leads to five findings. First, the intra-household expenditure distribution correlates with relative wages, consistent with the collective model. Second, men put relatively more weight on private expenditure and composite leisure. Third, joint and private…
Income and Consumption
We develop a model of consumption and income that allows for pervasive heterogeneity in the parameters of both processes. Introducing codependence between household income parameters and preference parameters, we also allow for heterogeneity in the impact of income shocks on consumption. We estimate the parameters of the model using a sample from the Panel Study of Income Dynamics, covering the period 1968–2009. We find considerable codependent h…
Economics of the Family
The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops sever…
Estimating Consumption Economies of Scale, Adult Equivalence Scales, and Household Bargaining Power
How much income would a woman living alone require to attain the same standard of living that she would have if she were married? What percentage of a married couple's expenditures are controlled by the husband? How much money does a couple save on consumption goods by living together versus living apart? We propose and estimate a collective model of household behaviour that permits identification and estimation of concepts such as these. We mode…
Housing Wealth and Consumption
There is strong evidence that house prices and consumption are closely synchronized. There is, however, disagreement over the causes of this link. This paper examines if there is a wealth effect of house prices on consumption. We use a rich household level panel data set with information about house ownership, income, wealth, and demographics for a large sample of the Danish population in the period 1987-1996. We model the dependence of the growt…
Spending on Children
Journal Article Spending on Children: Direct Survey Evidence Get access Jens Bonke, Jens Bonke Rockwool Foundation Research Unit Search for other works by this author on: Oxford Academic Google Scholar Martin Browning Martin Browning University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 121, Issue 554, August 2011, Pages F123–F143, https://doi.org/10.1111/j.1468-0297.2011.02444.…
Distributional Effects in Household Models
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public goods or they contribute to at most one common good. The former case corresponds to the separate spheres case of Lundberg and Pollak (1993) . The second …
Consumption and Children
Consumption by couples rises sharply in the beginning and falls later in life; the causes of the early rise are hotly contested. Among the suggestions are rule of thumb behavior, demographics, liquidity constraints, the precautionary motive, and nonseparabilities between consumption and labor supply. We develop two tests of the extreme hypothesis that only changes in family structure matter. We estimate effects of the numbers and ages of children…
Efficient Intra-Household Allocations and Distribution Factors
This paper provides an exhaustive characterization of testability and identifiability issues in the collective framework in the absence of price variation; it thus provides a theoretical underpinning for a number of empirical works that have been developed recently. We first provide a simple and general test of the Pareto-efficiency hypothesis, which is consistent with all possible assumptions on the private or public nature of goods, all possibl…
Imputing consumption from income and wealth information
We investigate the feasibility of deriving a measure of total expenditure at the household level from administrative micro-data on income and wealth. We use Danish administrative data that provides measures of disposable income and the holding of different assets at the end of the year. The ability to link the households in the 1994-6 Danish Expenditure Survey to their administrative data for the years around the survey year offers a unique possi…
Asking Consumption Questions in General Purpose Surveys
In many research areas it is desirable to have information on household total expenditure (‘consumption’). We draw evidence from several sources on the usefulness of recall consumption questions. We conclude that valid information can be collected by adding specific recall questions to general purpose surveys, and provide recommendations on how to do so
The Life-Cycle Model of Consumption and Saving
A central implication of life-cycle models is that agents smooth consumption. We review the empirical evidence on smoothing at frequencies from within the year up to across a lifetime. We find that life-cycle models--particular those which incorporate realistic features of markets and goods--have more empirical successes than failures. We also show that some apparent deviations from theoretical predictions imply very small welfare losses for agen…
Luxuries Are Easier to Postpone
We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution
Efficient Intra-Household Allocations
The neoclassical theory of demand applies to individuals, yet in empirical work it is usually taken as valid for households with many members. This paper explores what the theory of individuals implies for households that have more than one member. We make minimal assumptions about how the individual members of the household resolve conflicts. All we assume is that however decisions are made, outcomes are efficient. We refer to this as the collec…
Income and Outcomes
There is evidence that one cannot treat many-person households as a single decisionmaker. If so, then factors such as the relative incomes of the household members may affect the final allocation decisions made by the household. The authors develop a method of identifying how incomes affect outcomes given conventional family expenditure data. They assume that household decision processes lead to efficient outcomes. The authors apply their method …
The Effects of Male and Female Labor Supply on Commodity Demands
We examine the effects of male and female labor supply on household demands and present a simple and robust test for the separability of commodity demands from labor supply. Using data on individual households from six years of the UK FES we estimate a demand system for seven goods which includes hours and participation dummies as conditioning variables. Allowance is made for the possible endogeneity of these conditioning labor supply variables. …
A Simple Nonadditive Preference Structure for Models of Household Behavior over Time
Intertemporal separability is an almost universal assumption in empirical work on household behavior, but a good deal of recent work on consumption and labor supply suggest that it may not be tenable. The traditional weakening of this assumption is to allow for habit formation. The authors propose an alternative structure for intertemporal preferences that nests intertemporal additivity in a simple way and yields closed-form solutions for demand …
A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle
On the 'Employment' Decision of a Labour-Managed Firm
The conventional analysis of a variable membership labour co-operative assumes that membership can be reduced, if required, to increase income per head (see, for example, Vanek, 1970). This implies a highly inequitable treatment of those who are excluded compared with those who remain. We prefer instead to consider a decision process suggested by Steinherr and Thisse (1979) which treats all members, ex ante, equitably. We assume that a co-operati…
Income and Outcomes
There is evidence that one cannot treat many-person households as a single decisionmaker. If so, then factors such as the relative incomes of the household members may affect the final allocation decisions made by the household. The authors develop a method of identifying how incomes affect outcomes given conventional family expenditure data. They assume that household decision processes lead to efficient outcomes. The authors apply their method …
The Life-Cycle Model of Consumption and Saving
A central implication of life-cycle models is that agents smooth consumption. We review the empirical evidence on smoothing at frequencies from within the year up to across a lifetime. We find that life-cycle models--particular those which incorporate realistic features of markets and goods--have more empirical successes than failures. We also show that some apparent deviations from theoretical predictions imply very small welfare losses for agen…
Distributional Effects in Household Models
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public goods or they contribute to at most one common good. The former case corresponds to the separate spheres case of Lundberg and Pollak (1993) . The second …
Housing Wealth and Consumption
There is strong evidence that house prices and consumption are closely synchronized. There is, however, disagreement over the causes of this link. This paper examines if there is a wealth effect of house prices on consumption. We use a rich household level panel data set with information about house ownership, income, wealth, and demographics for a large sample of the Danish population in the period 1987-1996. We model the dependence of the growt…
Asking Consumption Questions in General Purpose Surveys
In many research areas it is desirable to have information on household total expenditure (‘consumption’). We draw evidence from several sources on the usefulness of recall consumption questions. We conclude that valid information can be collected by adding specific recall questions to general purpose surveys, and provide recommendations on how to do so
Imputing consumption from income and wealth information
We investigate the feasibility of deriving a measure of total expenditure at the household level from administrative micro-data on income and wealth. We use Danish administrative data that provides measures of disposable income and the holding of different assets at the end of the year. The ability to link the households in the 1994-6 Danish Expenditure Survey to their administrative data for the years around the survey year offers a unique possi…
Do you have time to take a walk together? Private and joint time within the household
We develop a theoretical model for the intra-household allocation of time and consumption that distinguishes between partners’ joint and private leisure. Estimating the model using time-use data leads to five findings. First, the intra-household expenditure distribution correlates with relative wages, consistent with the collective model. Second, men put relatively more weight on private expenditure and composite leisure. Third, joint and private…
Luxuries Are Easier to Postpone
We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution
Spending on Children
Journal Article Spending on Children: Direct Survey Evidence Get access Jens Bonke, Jens Bonke Rockwool Foundation Research Unit Search for other works by this author on: Oxford Academic Google Scholar Martin Browning Martin Browning University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 121, Issue 554, August 2011, Pages F123–F143, https://doi.org/10.1111/j.1468-0297.2011.02444.…
A Simple Nonadditive Preference Structure for Models of Household Behavior over Time
Intertemporal separability is an almost universal assumption in empirical work on household behavior, but a good deal of recent work on consumption and labor supply suggest that it may not be tenable. The traditional weakening of this assumption is to allow for habit formation. The authors propose an alternative structure for intertemporal preferences that nests intertemporal additivity in a simple way and yields closed-form solutions for demand …
On the 'Employment' Decision of a Labour-Managed Firm
The conventional analysis of a variable membership labour co-operative assumes that membership can be reduced, if required, to increase income per head (see, for example, Vanek, 1970). This implies a highly inequitable treatment of those who are excluded compared with those who remain. We prefer instead to consider a decision process suggested by Steinherr and Thisse (1979) which treats all members, ex ante, equitably. We assume that a co-operati…
A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle
The Effects of Male and Female Labor Supply on Commodity Demands
We examine the effects of male and female labor supply on household demands and present a simple and robust test for the separability of commodity demands from labor supply. Using data on individual households from six years of the UK FES we estimate a demand system for seven goods which includes hours and participation dummies as conditioning variables. Allowance is made for the possible endogeneity of these conditioning labor supply variables. …
A Simple Nonadditive Preference Structure for Models of Household Behavior over Time
Intertemporal separability is an almost universal assumption in empirical work on household behavior, but a good deal of recent work on consumption and labor supply suggest that it may not be tenable. The traditional weakening of this assumption is to allow for habit formation. The authors propose an alternative structure for intertemporal preferences that nests intertemporal additivity in a simple way and yields closed-form solutions for demand …
Income and Outcomes
There is evidence that one cannot treat many-person households as a single decisionmaker. If so, then factors such as the relative incomes of the household members may affect the final allocation decisions made by the household. The authors develop a method of identifying how incomes affect outcomes given conventional family expenditure data. They assume that household decision processes lead to efficient outcomes. The authors apply their method …
Efficient Intra-Household Allocations
The neoclassical theory of demand applies to individuals, yet in empirical work it is usually taken as valid for households with many members. This paper explores what the theory of individuals implies for households that have more than one member. We make minimal assumptions about how the individual members of the household resolve conflicts. All we assume is that however decisions are made, outcomes are efficient. We refer to this as the collec…
Luxuries Are Easier to Postpone
We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution
The Life-Cycle Model of Consumption and Saving
A central implication of life-cycle models is that agents smooth consumption. We review the empirical evidence on smoothing at frequencies from within the year up to across a lifetime. We find that life-cycle models--particular those which incorporate realistic features of markets and goods--have more empirical successes than failures. We also show that some apparent deviations from theoretical predictions imply very small welfare losses for agen…
Imputing consumption from income and wealth information
We investigate the feasibility of deriving a measure of total expenditure at the household level from administrative micro-data on income and wealth. We use Danish administrative data that provides measures of disposable income and the holding of different assets at the end of the year. The ability to link the households in the 1994-6 Danish Expenditure Survey to their administrative data for the years around the survey year offers a unique possi…
Asking Consumption Questions in General Purpose Surveys
In many research areas it is desirable to have information on household total expenditure (‘consumption’). We draw evidence from several sources on the usefulness of recall consumption questions. We conclude that valid information can be collected by adding specific recall questions to general purpose surveys, and provide recommendations on how to do so
Consumption and Children
Consumption by couples rises sharply in the beginning and falls later in life; the causes of the early rise are hotly contested. Among the suggestions are rule of thumb behavior, demographics, liquidity constraints, the precautionary motive, and nonseparabilities between consumption and labor supply. We develop two tests of the extreme hypothesis that only changes in family structure matter. We estimate effects of the numbers and ages of children…
Efficient Intra-Household Allocations and Distribution Factors
This paper provides an exhaustive characterization of testability and identifiability issues in the collective framework in the absence of price variation; it thus provides a theoretical underpinning for a number of empirical works that have been developed recently. We first provide a simple and general test of the Pareto-efficiency hypothesis, which is consistent with all possible assumptions on the private or public nature of goods, all possibl…
Distributional Effects in Household Models
We derive distributional effects for a non-cooperative alternative to the unitary model of household behaviour. We consider the Nash equilibria of a voluntary contributions to public goods game. Our main result is that, in general, the two partners either choose to contribute to different public goods or they contribute to at most one common good. The former case corresponds to the separate spheres case of Lundberg and Pollak (1993) . The second …
Spending on Children
Journal Article Spending on Children: Direct Survey Evidence Get access Jens Bonke, Jens Bonke Rockwool Foundation Research Unit Search for other works by this author on: Oxford Academic Google Scholar Martin Browning Martin Browning University of Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 121, Issue 554, August 2011, Pages F123–F143, https://doi.org/10.1111/j.1468-0297.2011.02444.…
Estimating Consumption Economies of Scale, Adult Equivalence Scales, and Household Bargaining Power
How much income would a woman living alone require to attain the same standard of living that she would have if she were married? What percentage of a married couple's expenditures are controlled by the husband? How much money does a couple save on consumption goods by living together versus living apart? We propose and estimate a collective model of household behaviour that permits identification and estimation of concepts such as these. We mode…
Housing Wealth and Consumption
There is strong evidence that house prices and consumption are closely synchronized. There is, however, disagreement over the causes of this link. This paper examines if there is a wealth effect of house prices on consumption. We use a rich household level panel data set with information about house ownership, income, wealth, and demographics for a large sample of the Danish population in the period 1987-1996. We model the dependence of the growt…
Economics of the Family
The family is a complex decision unit in which partners with potentially different objectives make consumption, work and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern and self-contained account of the research in the growing area of family economics. The first half of the book develops sever…
Income and Consumption
We develop a model of consumption and income that allows for pervasive heterogeneity in the parameters of both processes. Introducing codependence between household income parameters and preference parameters, we also allow for heterogeneity in the impact of income shocks on consumption. We estimate the parameters of the model using a sample from the Panel Study of Income Dynamics, covering the period 1968–2009. We find considerable codependent h…
Do you have time to take a walk together? Private and joint time within the household
We develop a theoretical model for the intra-household allocation of time and consumption that distinguishes between partners’ joint and private leisure. Estimating the model using time-use data leads to five findings. First, the intra-household expenditure distribution correlates with relative wages, consistent with the collective model. Second, men put relatively more weight on private expenditure and composite leisure. Third, joint and private…
Economics (17 obras) · Gender, Labor, and Family Dynamics (11 obras) · Microeconomics (11 obras) · Econometrics (10 obras) · Mathematics (9 obras) · Financial Literacy, Pension, Retirement Analysis (8 obras) · Economics of Agriculture and Food Markets (7 obras) · Consumption (sociology (6 obras) · Fiscal Policy and Economic Growth (6 obras) · Sociology (6 obras)