The Neoclassical Model of the Household

The Neoclassical Model of the Household - 1 The...

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Unformatted text preview: 1 The Neoclassical Model of the Household (Plus a review of Ordinary Least Squares Regression Analysis) Predictions of the Neoclassical model for the division of labor within households 2 Other predictions of the Neoclassical model 3 “Education and Home Production” by Arleen Leibowitz • Tests predictions of neoclassical model for how women’s time in home production varies with: education level presence of children of different ages husband’s time in home production household technology (productivity) • Data: Time diaries of housewives from late 1960s when still clear gender division of labor. “High education” group: At least one year of college 4 But looking at sample means may not be that informative • High and low education groups may differ in other characteristics that affect their household production choices. For instance, the highly educated women in the sample may have more young children or more time-saving household appliances. • Want to isolate the effect of education from the other effects of other characteristics that may be correlated with education. => Regression Analysis Review of Regression Analysis • Regression analysis is a statistical technique that attempts to “explain” the movements in one variable, the dependent variable, as a function of movements in a set of variables, the independent (or explanatory) variables. 5 Simple linear, 2-variable model Observe two variables: x & y => How is y related to x?...
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This document was uploaded on 09/29/2011.

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The Neoclassical Model of the Household - 1 The...

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