The Collective Farm-Household Model: Policy and Welfare Simulations
Martina Menon () and
Federico Perali ()
No 20/2013, Working Papers from University of Verona, Department of Economics
This study develops a household enterprise model extended to encompass recent advances in collective theory. We use a simulation model, in which production and consumption-leisure choices are represented along with the rule governing intra-household resource allocation, to analyze the income and wage responses of each family member. The household is treated as an equilibrium model whose accounts are based on a household social accounting matrix, and the social classes are the wife/husband classes. The simulation analysis illustrates the policy relevance of the collective approach to household behavior for inferring the impact of economic policies on individual welfare levels.
Keywords: Collective household enterprise model; sharing rule; household production; household social accounting matrix; simulation analysis (search for similar items in EconPapers)
JEL-codes: D11 D12 D13 C61 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-cmp
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Published in Applied Economic Perspectives and Policy
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Journal Article: The Collective Farm-household Model: Policy and Welfare Simulations (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ver:wpaper:20/2013
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