Household Income Composition and Household Goods

Ivan Voynov

No 2005-02, IRISS Working Paper Series from IRISS at CEPS/INSTEAD

Abstract: The paper focuses on the change in household income composition and the factors that determine it. The results bring additional knowledge about household poverty dynamics. Based on the collective approach to the family and the cooperative game theory it is constructed theoretical model of household income composition change. The change in income composition is a result from bargaining between household members in attempt to defend the most suitable for them income source. Decisive influence in the household income pattern bargaining have specific set of household goods. Through empirical analysis of European Community Household Panel 2003 data it is proved that the adoption of definite income compositions (with prevailing wages and salaries share and with prevailing social transfers share) is a result from the availability of specific set of household goods.

Keywords: household; composition (search for similar items in EconPapers)
Pages: 38 pages
Date: 2005-03
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:irs:iriswp:2005-02

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