37 research outputs found

    Temperature and the Timing of Work

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    We leverage U.S. county-day temperature variation combined with daily time use data to examine the effect of temperature on the timing of work. We find that warmer (colder) temperatures increase (decrease) working time during the night and decrease (increase) working time in the morning. These effects are pronounced among workers with increased bargaining power, flexible work schedules, greater exposure to ambient temperature while at work, and fewer family-related constraints. Workers compensate for the shifts in the timing of work triggered by temperature fluctuations by adjusting their sleep time, without changing the timing of leisure and home production activities.The Implications Of Temperature For Social Interactions, Work Organization And Well-being8. Decent work and economic growt

    The world beyond GARP: methodological advances in revealed preference theory.

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    In this doctoral dissertation, I formulate methodological extensions of the revealed preference approach founded by Samuelson (1938, 1948) and Houthakker (1950). The revealed preference approach allows us to impose consistency on observed choices from (usually linear) budget sets. First of all, I modify the standard revealed preference principles to test consistency of choices from finite choice sets. Second, I generalize the narrowly defined revealed preference axioms (GARP in particular) to incorporate psychological realism in the models. Specifically, I will identify preferences for others’ consumption and preferences for value (diamond effects). This fits in Rabin’s (2013) PEEM – portable extensions of existing models – research program, which aims at improving the realism of economic models while still allowing for prediction. Finally, I show how revealed preference techniques can help us estimate the distribution of welfare measures and predict the distribution of demand correspondences in a setting where panel data is unavailable.status: publishe

    Revealed preference theory for finite choice sets

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    The theory of revealed preferences offers an elegant way to test the neoclassical model of utility maximization subject to a linear budget constraint. In many settings, however, the set of available consumption bundles does not take the form of a linear budget set. In this paper, we adjust the theory of revealed preferences to handle situations where the set of feasible bundles is finite. Such situations occur frequently in many real life and experimental settings. We derive the revealed preference conditions for consistency with utility maximization in this finite choice-set setting. Interestingly, we find that it is necessary to make a distinction between the cases where the underlying utility function is weakly monotone, strongly monotone and/or concave. Next, we provide conditions on the structure of the finite choice sets for which the usual revealed preference condition (i.e. GARP) is still valid. We illustrate the relevance of our results by means of an application based on two experimental data sets that contain choice behavior from children.status: publishe

    Revealed preference theory for finite choice sets

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    Nonparametric welfare and demand analysis with unobserved individual heterogeneity

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    This paper combines revealed preference and nonparametric estimation techniques to obtain nonparametric bounds on the distribution of the money metric utility and demand functions over a population of heterogeneous households. Our approach is independent of any functional specification on the household utility functions. Our method applies the weak axiom of revealed preference to a population of heterogeneous households. Although this does not produce the sharpest bounds, we show that it is computationally attractive and provides narrow bounds.We demonstrate the usefulness of our results by applying it to the Consumer Expenditure Survey, a U.S. cross-sectional consumption data set.SCOPUS: ar.jinfo:eu-repo/semantics/publishe
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