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In an efficient household if the spouses' time inputs are perfect substitutes, then spouses will "specialize …" regardless of their preferences and the governance structure. That is, both spouses will not allocate time to both household ….e., the household production function when only one spouse allocates time to home production) are closely related, satisfying …
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When does efficiency in the household imply specialization? For example, if we recognize two sectors, "market" and … "household," when does efficiency imply that one spouse specializes in the market and the other in the household? If efficiency …. This paper clarifies the roles that household technology and human capital play in reaching conclusions about …
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' time inputs are perfect substitutes in household production. With no further assumptions (other than efficiency and the … households optimally adjusting spouses' stocks of market and household human capital, the specialization conclusion does not …, regardless of the levels at which they are fixed. Other assumptions about household technology also imply the specialization …
Persistent link: https://www.econbiz.de/10012459484
In an efficient household if the spouses' time inputs are perfect substitutes, then spouses will "specialize …" regardless of their preferences and the governance structure. That is, both spouses will not allocate time to both household ….e., the household production function when only one spouse allocates time to home production) are closely related, satisfying …
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