美国老年人的家庭生产、家庭装修和住房投资

IF 1.4 3区经济学 Q3 ECONOMICS

Journal of Housing Economics Pub Date : 2022-06-01 DOI:10.1016/j.jhe.2022.101836

Tim Murray , Richard A. Dunn

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引用次数: 1

摘要

我们调查家庭生产在家庭改善和美国老年人投资决策的背景下的作用。为了计算家装总值，我们采用家庭生产模型，其中家庭可以购买专业服务或将市场商品与他们的时间结合起来。我们发现家庭生产是家庭投资的重要来源。没有考虑到家庭成员提供的时间价值，大大低估了用于家庭装修的资源的总分配。与标准家庭模型一致，家庭生产是市场购买服务的替代品——劳动力供给与前者负相关，与后者正相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Household production, home improvement, and housing investment among older Americans

We investigate the role of household production in the context of home improvement and investment decisions of older Americans. To calculate the total value of home improvement, we apply a household production model where households can either purchase professional services or combine market goods with their time. We find that household production is a significant source of home investment. Failing to account for the value of time provided by household members greatly understates the total allocation of resources to home improvement. Consistent with standard household models, home production is a substitute for market-purchased services—labor supply is negatively related to the former and positively related to the latter.

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来源期刊

Journal of Housing Economics Multiple-

CiteScore

3.30

自引率

4.20%

发文量

期刊介绍： The Journal of Housing Economics provides a focal point for the publication of economic research related to housing and encourages papers that bring to bear careful analytical technique on important housing-related questions. The journal covers the broad spectrum of topics and approaches that constitute housing economics, including analysis of important public policy issues.