. Information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household's total …

information structure and labor supply decisions follow the Mirrleesian tradition. However, while the household’s total …

The assumption that household income is strongly and positively correlated with a household's real standard of living … earners. This paper shows, in the context of a model of the household with young children present, that this assumption is not … modelling and numerical simulations based on survey data, that household income is a poor indicator of household well-being. …