Household Consumption When the Marriage is Stable

Laurens Cherchye, Thomas Demuynck, Bram De Rock and Frederic Vermeulen

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: We develop a novel framework to analyze the structural implications of the marriage market for household consumption. We define a revealed preference characterization of efficient household consumption when the marriage is stable. We characterize stable marriage with intrahousehold (consumption) transfers but without assuming transferable utility. Our revealed preference characterization generates testable conditions even with a single observation per household and heterogeneous individual preferences across households. The characterization also allows for identifying the intrahousehold decision structure (including the sharing rule) under the same minimalistic assumptions. An application to Dutch household data illustrates the usefulness of our theoretical results.

Date: 2017
Note: SCOPUS: ar.j
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Citations: View citations in EconPapers (70)

Published in: The American economic review (2017) v.107,p.1507-1534

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Related works:
Journal Article: Household Consumption When the Marriage Is Stable (2017)
Working Paper: Household Consumption When the Marriage is Stable (2014)
Working Paper: Household consumption when the marriage is stable (2014)
Working Paper: Household consumption when marriage is stable (2014)
Working Paper: Household Consumption When the Marriage Is Stable (2014)
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