Collective Labor Supply and Welfare
Pierre Chiappori ()
Journal of Political Economy, 1992, vol. 100, issue 3, 437-67
This paper develops a general, "collective" model of household labor supply in which agents are characterized by their own (possibly altruistic) preferences and household decisions are only assumed to be Pareto efficient. An alternative interpretation is that there are two stages in the internal decision process: agents first share nonlabor income, according to some given sharing rule; then each one optimally chooses his or her own labor supply and consumption. This setting is shown to generate testable restrictions on labor supplies. Moreover, the observation of labor-supply behavior is sufficient for recovering individual preferences and the sharing rule (up to a constant). Copyright 1992 by University of Chicago Press.
References: Add references at CitEc
Citations View citations in EconPapers (651) Track citations by RSS feed
Downloads: (external link)
http://dx.doi.org/10.1086/261825 full text (application/pdf)
Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.
Working Paper: Collective Labour Supply and Welfare (1989)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:100:y:1992:i:3:p:437-67
Access Statistics for this article
More articles in Journal of Political Economy from University of Chicago Press
Series data maintained by Journals Division ().