Life Cycle Consumption, Labor Supply and Housing

Yannis Ioannides

Annals of Economics and Statistics, 1988, issue 9, 93-110

Abstract: We use pooled panel data for 1970-1981 from the Panel Study of Income Dynamics to estimate preference parameters and study the interaction between housing and labor supply. We treat housing as quasi-fixed during residence spells. The data pertaining to households with positive net worth give a much better fit than those with negative, for a system in first-differences of non housing expenditure and the share of leisure. Good results are obtained for single-equation estimations for the share of leisure.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1988:i:9:p:93-110

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