Individual Decisions and Household Demand for Consumption And Leisure

Maria Chiuri

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: The standard microeconomic assumption of a household utility function raises two theoretical problems: it contradicts methodological individualism and it ignores economic phenomena like income and consumption sharing, division of labour, externalities and altruism within a household. This paper reviews two approaches, aggregation theory and more recent non-unitary models, to compare the different properties that household consumption and leisure demands have to satisfy in the two basic contexts. The paper also discusses some recent empirical evidence which seems to encourage further investigation in the non-unitary framework.

Keywords: consumption; labour supply; intra- household allocation (search for similar items in EconPapers)
JEL-codes: D1 D7 (search for similar items in EconPapers)
Date: 1999-10-01
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Published in Research in Economics, 2000, vol. 54, pages 277-324

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Journal Article: Individual decisions and household demand for consumption and leisure (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:sef:csefwp:26

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