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The pattern of employment among men and women has changed remarkably over the past decades. While the employment rate of women has risen, that of men has continued to decline. Disproportionate growth in the participation in the labor market of women with highincome husbands has heightened...
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The pattern of employment among men and women has changed remarkably over the past decades. The growth in the participation in the labor market of women with high-income husbands has heightened concerns that wives' earnings may increase income inequality among married couples, especially in...
Persistent link: https://www.econbiz.de/10014080719
We develop a simple model of household time allocation decisions under strong functional form assumptions regarding preferences and household production technology. We argue that the specification is general when allowing for unrestrictive forms of population heterogeneity in the parameters...
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There is some controversy in the field of household economics regarding the efficiency of household decisions. We make the point that a flexible specification of spousal preferences and the household production technology precludes the possibility of using revealed preference data on household...
Persistent link: https://www.econbiz.de/10010201289
We formulate a model of household behavior in which cooperation is costly and in which these costs vary across households. Some households rationally decide to behave noncooperatively, which in our context is an efficient outcome. An intriguing feature of the model is that, while the welfare of...
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