Full Income and Individual’s Welfare During the Great Recession

Conference paper: We explore the intratemporal substitutions between goods and time, the variations of individuals’ full expenditures, and the evolution of their well-being during the Great Recession. Our findings provide empirical evidence about the importance of home production in real business cycles and show that the reallocation of time reduces the negative.

Author(s)

Anil Alpman, François Gardes

Date of publication
  • 2015
Title of the congress
  • Annual Congress of the European Economic Association
Version
  • 1