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We investigate the relationship between the individual and household indirect utility functions in the context of a … collective household model. Our analysis produces new results that explain how the rule governing the distribution of resources … among household members is related to the measurement of household welfare and intra-household inequality. We show that in a …
Persistent link: https://www.econbiz.de/10011856707
because it ignores public good and the allocation of time to market work, leisure and household production. We develop a money … metric measure of welfare that accounts for public goods (by using personalized prices) household production and for the …
Persistent link: https://www.econbiz.de/10013053289
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The …, monotonicity is testable for the model that assumes all household consumption is public …
Persistent link: https://www.econbiz.de/10013324875
the recovery of theory-consistent discount rates for each individual within a particular household under study. We find … household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and … renegotiation within the collective unit. An empirical application to household-level microdata highlights that an explicit …
Persistent link: https://www.econbiz.de/10010356826
the collective nature of choice allows the vast majority of household behavior to be rationalized by theory that assumes …This paper develops a revealed preference methodology for exploring whether time inconsistencies in household choice … within the collective unit. An empirical application to household-level microdata highlights that an explicit recognition of …
Persistent link: https://www.econbiz.de/10014164913
conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or …
Persistent link: https://www.econbiz.de/10013153659
conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or …
Persistent link: https://www.econbiz.de/10013149448
We propose a novel approach to model joint consumption decisions of individuals who care for each other. We assume non-cooperative interaction between the different individuals and the within-group consumption outcome critically depends on the degree of caring between the group members. By...
Persistent link: https://www.econbiz.de/10012941954
We model consumption and labor supply behavior of a couple in a non-cooperative setting. Using minimal assumptions, we prove that demand for public goods is characterized by three regimes. It is either determined by the preferences of one of the partners only (Husband Dictatorship or Wife...
Persistent link: https://www.econbiz.de/10010463625
household demand patterns for food are affected by spouse’s relative bargaining power. Failure to account for these effects …
Persistent link: https://www.econbiz.de/10014243925