Economics Theories of the Household: A Critical Review

Päivi Mattila-Wiro

No wp-1999-159, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The aim of this paper is to review the principal assumptions and aspects of the unitary household model and collective models of household behaviour. Empirical studies are presented to assess whether the theories can offer adequate descriptions of household behaviour and to examine the types of policy implications that can be drawn from these. The paper concludes that the models reviewed lack the analytical tools to provide an understanding of the reality of households.

Keywords: Households; Human capital; Social capital (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (3)

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