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This paper investigates how families make decisions about the education of juveniles. The decision problem is analyzed in three variations: a 'decentralized' scheme, in which the parents control the purse-strings, but the children dispose of their time as they see fit; a 'hierarchical' scheme,...
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while about 40 percent remains unexplained by observed household characteristics. We show that this unexplained portion can … be empirically attributed to changes in preferences or the costs of childrearing and household maintenance. In the second … part, we formulate and estimate a new framework for the couple intra-family game that is then used to analyze the household …
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We use experimental data from variants of public good games to test for household efficiency among married couples in … allocating the common pool. Women contribute less to this household common pool than men and opportunism is widespread. These … results cast doubts on many models of household decision making. Experimental results are correlated with socio …
Persistent link: https://www.econbiz.de/10013126126
This paper examines the role of spousal trust in intra-household decision making through its potential of inciting the … perspective, our findings have important implications for the design and evaluation of household-based (saving) interventions by …
Persistent link: https://www.econbiz.de/10012498329
This paper explores the implications of gender-based income taxation in a noncooperative model of household behavior …-cooperative household equilibrium. We find that the first-best Pigou tax rules are solely determined by spouses' relative marginal rates of … substitution between the public household good and private consumption. Breaking down this eneral rule into the primitives of the …
Persistent link: https://www.econbiz.de/10010357315
The evidence that the same total income can lead a household to choose different consumption vectors, depending on who … brings in how much of the income, has led to an effort to replace the standard unitary model of the household with the … power between them the household may choose differently. One weakness of this new literature is that it fails to recognize …
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