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The collective model assumes that decisions taken inside the family are Pareto optimal. However, empirical studies cast doubts upon the efficiency assumption, especially on the production side of household decision making. In this paper, we present a model of household behavior including a...
Persistent link: https://www.econbiz.de/10009645275
We present a model of household behavior to explore the complex interactions between the decision-making process within the household and social norms. The household is viewed as two separate spheres – the female and the male – both linked by a public good and a "conjugal contract" trough...
Persistent link: https://www.econbiz.de/10008622054
Most household models assume that decisions taken inside the family are Pareto optimal. However, empirical studies cast doubts upon the efficiency assumption. The sharing of time among men and women between market work and household work is highly differentiated by gender. In this paper we...
Persistent link: https://www.econbiz.de/10011194456