Randomized household labor supply

Pierre André Chiappori ()
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Pierre André Chiappori: Columbia University

Review of Economics of the Household, 2018, vol. 16, issue 1, No 8, 188 pages

Abstract: Abstract In a multiperson household, indivisibilities or other externalities may imply that optimal decisions involve explicit randomizations. This issue is orthogonal to the standard distinction between unitary and collective models; it arises even when the household aggregates individual utilities through a Samuelsonian index.

Keywords: Labor suppy; Collective model; Samuelson; Randomization; Unitary model (search for similar items in EconPapers)
JEL-codes: D11 D12 D13 (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/s11150-017-9397-6

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