Retirement, Home Production and Labor Supply Elasticities

Johanna Wallenius and Richard Rogerson

No 41, 2012 Meeting Papers from Society for Economic Dynamics

Abstract: We show that a life cycle model with home production implies a tight relationship between key preference parameters and the changes in time allocated to home production and leisure at retirement. We derive this relationship and use data from the ATUS to explore its quantitative implications. Our method implies that the intertemporal elasticity of substitution for leisure is quite large, in excess of one and possibly as high as two.

Date: 2012
New Economics Papers: this item is included in nep-age, nep-dge and nep-lma
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Citations: View citations in EconPapers (5)

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Journal Article: Retirement, home production and labor supply elasticities (2016)
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