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Content archived on 2024-06-18

Microeconometrics of Consumer and Labour Supply Behaviour

Objective

The aim of this research programme is to significantly enhance our knowledge of consumer and labour supply behaviour using frontier microeconometric analysis. The objective is to improve our understanding of how individuals make choices, how they react to changes in the economic environment and how they respond to policy reforms. There are two key aspects to the proposed research. The first is to extend the analysis of consumer behaviour and revealed preference to allow for preference heterogeneity, many goods and taste change. A central part of this work will concern the imposition of shape restrictions that derive from revealed preference and integrability restrictions in the nonparametric analysis of consumer behaviour. This work will focus on the microeconometric analysis of consumer surveys and the nonparametric estimation of consumer demand at the household level. The second is a parallel set of studies that will examine the life-cycle behaviour of consumption and labour supply choices in a dynamic environment with uncertainty. This work will use panel data to investigate non-separabilities between consumption and labour supply. It will explore the role of family labour supply as a mechanism to ‘insure’ families against adverse economic shocks. It will involve bringing models of family earnings dynamics together with consumption decisions. The focus will be on the importance of non-separabilities, dynamics and heterogeneity in understanding the behavioural responses of consumption and family labour supply behaviour to policy reforms and other changes in the economic environment. Through a sequence of interrelated studies in these two broad areas, the research programme aims to radically move forward methodological approaches in empirical economics to modelling key aspects of household consumption and labour supply behaviour.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

ERC-2013-ADG
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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

ERC-AG - ERC Advanced Grant

Host institution

UNIVERSITY COLLEGE LONDON
EU contribution
€ 2 142 455,00
Address
GOWER STREET
WC1E 6BT LONDON
United Kingdom

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Region
London Inner London — West Camden and City of London
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Beneficiaries (2)

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