Analysis of Households' Decision Using Full Demand Elasticity Estimates: an Estimation on Turkish Data

Okay Gunes ()
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Okay Gunes: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Households' consumption patterns are deciphered through estimates of demand elasticities based on the domestic production decisions determined by constraints on time use and monetary budgets for different subpopulations. We first estimate the shadow wage rates of the households and later estimate the full demand elasticities which are computed using full prices proposed by Gardes (2016) derived through the hypotheses of complementarity or substitutability existing between monetary and time expenditures. Detailed results are obtained for the whole population by breaking the dataset into age groups and into households according to poverty level, as determined by the OECD-modified equivalence scale.

Keywords: Time allocation; domestic production; full prices; opportunity cost of time; demand elasticities; Rubins' matching statistics; L'allocation du temps; la production domestique; les prix complets; le coût d'opportunité du temps; les élasticités de la demande; l'appariement de Rubin (search for similar items in EconPapers)
Date: 2017-03
New Economics Papers: this item is included in nep-ara
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Published in 2017

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