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What determines bargaining power in marriage? This paper argues that wage rates, not earnings, determine well-being at the threat point and, hence, determine bargaining power. Observed earnings at the bargaining equilibrium may differ from earnings at the threat point because hours allocated to...
Persistent link: https://www.econbiz.de/10012467446
Gary Becker's influence on the economics of the family has been pervasive. His ideas have dominated research in the economics of the family, shaping the tools we use, the questions we ask, and the answers we give. The foundational assumptions of Becker's economic approach to the family --...
Persistent link: https://www.econbiz.de/10012469477
This paper proposes and analyzes an intergenerational model of domestic violence (IMDV) in which behavioral strategies or scripts are transmitted from parents to children. The model rests upon three key assumptions: * The probability that a husband will be violent depends on whether he grew up...
Persistent link: https://www.econbiz.de/10012469612
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In contrast, the standard model of marriage market equilibrium assumes that prospective spouses make Binding Agreements in the Marriage Market (BAMM) that determine allocation within marriage. If we assume BAMM and transferable utility, then the appropriate framework for analyzing marriage...
Persistent link: https://www.econbiz.de/10012453714
The standard Beckerian analysis of marriage market equilibrium assumes that allocation within marriage implements agreements made in the marriage market. This paper investigates marriage market equilibrium when allocation within marriage is determined by bargaining in marriage and compares that...
Persistent link: https://www.econbiz.de/10012456366
The critical assumption that leads to the specialization conclusion in Becker's Treatise on the Family is that spouses' time inputs are perfect substitutes in household production. With no further assumptions (other than efficiency and the absence of process preferences) perfect substitutes...
Persistent link: https://www.econbiz.de/10012459484
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/10012461129
Despite extensive use of bargaining models in economics and despite Becker's insistence on the importance of altruism in families, the theoretical literature on bargaining ignores altruism and assumes that everyone is an egoist. This paper shows that incorporating altruism into cooperative...
Persistent link: https://www.econbiz.de/10013388855