Does Home Production Replace Consumption Spending? Evidence from Shocks in Housing Wealth in the Great Recession
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DOI: 10.1162/rest_a_00794
Abstract: Abstract Becker's theory of home production suggests substitutability between consumption spending and home production. Using panel data with detailed information on spending and time use, we analyze households' ability to replace consumption spending by home-produced… read more here.
Keywords: home; home production; consumption spending;