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Several models of intra-household decision making have been suggested in the literature. We present a framework that …
Persistent link: https://www.econbiz.de/10013128153
The structure of a family may have important consequences for the material well-being of its members. For example, in large families, an individual must share resources with many others, but she may benefit from economies of scale in consumption. In this paper, we study individual consumption in...
Persistent link: https://www.econbiz.de/10012389002
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...
Persistent link: https://www.econbiz.de/10011856707
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intrahousehold...
Persistent link: https://www.econbiz.de/10014025329
This paper applies recent developments in collective model estimation to elicit the household resource sharing rule, i.e. the amount of household resources accruing to fathers, mothers, and their children among African families in South Africa. We use the 2010/11 South African Income and...
Persistent link: https://www.econbiz.de/10011628207
We investigate the relationship between social interaction and household finances using data from the British Household Panel Survey. We contribute to the existing literature by exploring the relationship between a wide range of aspects of household finances and social interaction, rather than...
Persistent link: https://www.econbiz.de/10013051017
The collective approach to household behavior relaxes the restrictive features of the unitary model by specifying household welfare as a weighted combination of the individuals' utilities. But the weights are assumed fixed or exogenous to the analysis. Koolwal and Ray extend the collective...
Persistent link: https://www.econbiz.de/10012748554
Equivalence scales are often used to adjust household income for differences in characteristics that affect needs. For example, a family of two is assumed to need more income than a single person, but not double due to economies of scale in consumption. However, in comparing economic well-being...
Persistent link: https://www.econbiz.de/10012165604
This paper aims to fill the gaps in the analysis of risk‐sharing channels at the microlevel, both within and across households. Using data from the Bank of Italy's Survey on Household Income and Wealth covering the financial crisis, we are able to quantify in a unified and consistent framework...
Persistent link: https://www.econbiz.de/10012316210
capacity nor the power to influence the household decision process. The literature on collective models has so far incorporated … (1999); Blundell et al. (2005)]. This paper seeks to determine whether children of a certain age are decision-makers. We … focus on the decision-making process within households composed of two adults and one child of at least 16 years of age. We …
Persistent link: https://www.econbiz.de/10012723052