A framework for simplified implementation of the collective model of labor supply decisions is presented in the context of fiscal reforms in the UK. Through its collective form the model accounts for the well known problem of distribution between wallet and purse, a broadly debated issue which...

A widely shared intuition holds that individual control over money matters forthe decision process within the household and the subsequent distribution of re-sources and welfare. As a consequence, there are good reasons to depart from theunitary model of the household and to explore the...

We suggest a methodology to calibrate a collective model with household-specific bargaining rules and marriage-specific preferences that incorporate leisure externalities. The empirical identification relies on the assumption that some aspects of individual preferences remain the same after...

Low-income homeowners face challenges balancing the financial demands of homeownership. First, they are more apt to have higher-cost subprime or adjustable-rate mortgages. Second, they are more likely to own older, poorly insulated homes with less efficient HVAC systems and appliances. Finally,...