Children , Time Allocation and Consumption Insurance *

  title={Children , Time Allocation and Consumption Insurance *},
  author={Richard Blundell and Luigi Pistaferri and Itay Saporta-Eksten},
We consider the life-cycle problem of a household that in each period decides how much to consume and how to allocate spouses’time to work, leisure, and childcare. In an environment with uncertainty, the allocation of goods and time over the life cycle plays the further role of providing insurance against shocks. We use longitudinal data on consumption, and husband and wife separate information on hourly wages, hours of work, and time spent with children to estimate structural parameters… CONTINUE READING


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" Children , Time Allocation and Consumption Insurance "

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