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Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element … intrahousehold allocation of resources and welfare. We show how the sharing rule, which characterizes the within-household … allocations, can be identified from data on household consumption and labor supply. We also argue that a measure based on …
Persistent link: https://www.econbiz.de/10014025329
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
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household … bounds by applying revealed preference restrictions implied by the collective model to the household's continuous aggregate … assignable within the household, though having such information tightens the bounds. An empirical application demonstrates the …
Persistent link: https://www.econbiz.de/10013105078
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household … bounds by applying revealed preference restrictions implied by the collective model to the household's continuous aggregate … assignable within the household, though having such information tightens the bounds. An empirical application demonstrates the …
Persistent link: https://www.econbiz.de/10013105992
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
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household … bounds by applying revealed preference restrictions implied by the collective model to the household's continuous aggregate … assignable within the household, though having such information tightens the bounds. An empirical application demonstrates the …
Persistent link: https://www.econbiz.de/10014169582
We develop a novel framework to analyze the structural implications of the marriage market for household consumption … patterns. We start by defining a revealed preference characterization of efficient household consumption when the marriage is … observation per household and individual preferences are heterogeneous across households. In addition, the characterization allows …
Persistent link: https://www.econbiz.de/10010337411
We present a household consumption model that accounts for caring household members, while allowing for noncooperative … between the household members. By varying the degree of intrahousehold caring, the model encompasses a whole continuum of … household consumption models that are situated between the fully cooperative model and the noncooperative model without caring …
Persistent link: https://www.econbiz.de/10013129006
conditions of household consumption models with varying degrees of cooperation. Using these conditions, we show independence (or …
Persistent link: https://www.econbiz.de/10013153659
We present a household consumption model that accounts for caring household members, while allowing for noncooperative … between the household members. By varying the degree of intrahousehold caring, the model encompasses a whole continuum of … household consumption models that are situated between the fully cooperative model and the noncooperative model without caring …
Persistent link: https://www.econbiz.de/10014131502