MODELS OF INTRAHOUSEHOLD RESOURCE ALLOCATION: ASSUMPTIONS AND EMPIRICAL TESTS
Cheryl Doss (cheryl.doss@tufts.edu)
No 14196, Staff Papers from University of Minnesota, Department of Applied Economics
Abstract:
This paper reviews and analyzes a literature that examines the restrictiveness of focusing on households as single units of analysis. In particular, this literature asks: To what extent can we use the household as a unit of analysis, and when do we need to disaggregate the household and look at individual behavior within the household? In this paper, I examine the different models of intrahousehold resource allocation and the empirical work they have generated. Each of the models has a different set of assumptions about the four components of household decisions. The assumptions and predictions of each of the main models of intrahousehold resource allocation are presented; then I discuss the empirical work that tests the validity of the assumptions and discuss when the different models may be appropriate.
Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 32
Date: 1994
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:14196
DOI: 10.22004/ag.econ.14196
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