Tests of Income Pooling on Household Budget Data: The Australian Evidence

G. Lancaster and Ranjan Ray

Working Papers from Tasmania - Department of Economics

Abstract: The unitary household model implies pooling of all individual incomes. This study distinguishes between various types of income pooling and tests them on Australian household income/expenditure data. The tests recognise the endogeneity of both earned and unearned income and are performed using a 3 SLS estimation procedure that allows feedback between the various equations.

Keywords: INCOME; POVERTY; HOUSEHOLD (search for similar items in EconPapers)
JEL-codes: C13 D19 J18 (search for similar items in EconPapers)
Date: 2001

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Journal Article: Tests of Income Pooling on Household Budget Data: The Australian Evidence (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:fth:tasman:2001-02

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