Does Home Production Drive Structural Transformation?
Does Home Production Drive Structural Transformation?
复制标题
家庭生产能否推动结构转型?
DOI:
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发表时间:
2016
期刊:
影响因子:
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通讯作者:
Satoshi Tanaka
中科院分区:
文献类型:
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作者:
Alessio Moro;Solmaz Moslehi;Satoshi Tanaka
Using new home production data for the U.S., we estimate a model of structural transformation with a home production sector, allowing for both non-homotheticity of preferences and dierential productivity growth in each sector. We report two main ndings. First, the data support a specication with dierent income elasticities of market and home services. Second, the slowdown in home labor productivity, started in the late 70s, is a key determinant of the late acceleration of market services. A counter-factual experiment shows that, without the slowdown, the share of market services would be lower by 6.9% in 2010.