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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 production and the market sector. The perfect substitutes...
Persistent link: https://www.econbiz.de/10010852292
Since the seminal work of MINCER [1962] and BECKER [1965], the interest for the study of individual and household time allocation has been on the rise. In this introduction, we provide a brief, impressionistic survey of this large and rapidly growing literature and then discuss the organization...
Persistent link: https://www.econbiz.de/10010852296