Showing 1 - 10 of 33
earners. This paper shows, in the context of a model of the household with young children present, that this assumption is not … the number and ages of children requires us to look for other explanations, and we argue that these can be found in the …
Persistent link: https://www.econbiz.de/10011095500
earners. This paper shows, in the context of a model of the household with young children present, that this assumption is not … the number and ages of children requires us to look for other explanations, and we argue that these can be found in the …
Persistent link: https://www.econbiz.de/10010481567
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10010812036
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10010287608
This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10010269303
This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a repeated non-cooperative game, Pareto efficient outcomes can be supported by self interest, given the specific pattern of specialisation and exchange which exists in the...
Persistent link: https://www.econbiz.de/10004999151
, we estimate specialized versions of the model for families with two children and use the results to derive the intra-family … raising children adopted in much of the economics literature. This tends to be restricted purely to models in which the … household members consume market goods with given household income. The ?costs of children? are perceived essentially as market …
Persistent link: https://www.econbiz.de/10010262367
, we estimate specialized versions of the model for families with two children and use the results to derive the intra-family … raising children adopted in much of the economics literature. This tends to be restricted purely to models in which the … household members consume market goods with given household income. The "costs of children" are perceived essentially as market …
Persistent link: https://www.econbiz.de/10005763794
children. They were more likely to remain in the labour force and had higher rates at which they entered it. While more likely …
Persistent link: https://www.econbiz.de/10005703435
We set out a general framework for cooperative household models, based on Samuelson’s idea of a household welfare function, but extending it to incorporate the key insight from Nash bargaining models - the idea that the household’s preference ordering over the utility profiles of its members...
Persistent link: https://www.econbiz.de/10005566789