Intrafamily Bargaining and Household Decisions:

A model of household decisions based on a bargaining approach is developed providing a comprehensive framework for the analysis of family behavior. Treating the family as an economic organization, household behavior is explained by the cooperation of utility maximizing individuals. The difference to...

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Bibliographische Detailangaben
1. Verfasser: Ott, Notburga (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Berlin, Heidelberg Springer Berlin Heidelberg 1992
Ausgabe:1st ed. 1992
Schriftenreihe:Microeconomic Studies
Schlagworte:
Online-Zugang:BTU01
URL des Erstveröffentlichers
Zusammenfassung:A model of household decisions based on a bargaining approach is developed providing a comprehensive framework for the analysis of family behavior. Treating the family as an economic organization, household behavior is explained by the cooperation of utility maximizing individuals. The difference to traditional microeconomic household models is that theassumption of a joint household utility function is abandoned. Instead of this, a game theoretic approach is used to model family decisions as a result of intrafamily bargaining. Considering the development of the spouses' human capital in a dynamic approach, the long-term effects of intrafamily specialization in market work and work at home are analyzed. Onemajor finding is that in a dynamic setting non-Pareto efficient allocations may result. Empirical tests demonstrate the relevanace of the bargaining approach
Beschreibung:1 Online-Ressource (VIII, 242 p)
ISBN:9783642457081
DOI:10.1007/978-3-642-45708-1

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