The Allocation of Time and Goods Over the Life Cycle
There is a belief now that family behavior over the life cycle can be analyzed by economic methods. This study deals with allocation of resources by families over time.
The Allocation of Goods Over the Life Cycle
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a₁ allocation analysis annual assumed b₁ Becker benefits bias cell Census cent changes Chapter classes coefficient cohort College column combined commodities constant Consumer consumption cycle decline demand depend developed earnings Economic Education Levels effect efficiency elasticity of substitution equal equation errors estimates expectations expenditures factor fall future given Grade School head High School Hourly household human capital HW/YR implies included income increase Independent Variables investment labor less male marginal cost mean measure negative nonmarket nonwhites observed obtained Original Data output peak percentage period persons positive predicted preference present production production function rate of growth rate of interest ratio real wage rate reduce regressions relative reported response rise sample share SOURCE spent substitution in production Survey Table theory Three-year Moving Average tion unit University utility values variables week whites zero