Arbeitspapier

A Sharing Model of the Household: Explaining the Deaton-Paxson Paradox and Computing Household Indifference Scales

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This paper presents a new model of the household that is able to explain a variety of consumption patterns that existing models cannot describe, most notably, those associated with the Deaton and Paxson (1998) paradox. The most distinctive feature of this model is the presence of common-pool goods (rival and non-excludable) previously ignored in the literature. Under regularity conditions, the model can be interpreted as a hybrid between non-cooperative and a collective models of the household. Empirically, the paper revisits the Deaton-Paxson paradox exploiting household splits in longitudinal data and computes the elusive indifference scales coefficients.

Sprache
Englisch

Erschienen in
Series: GLO Discussion Paper ; No. 166

Klassifikation
Wirtschaft
Household Production and Intrahousehold Allocation
Marriage; Marital Dissolution; Family Structure; Domestic Abuse
Economic Development: Human Resources; Human Development; Income Distribution; Migration
Thema
sharing model
collective model
intra-household allocation
Deaton-Paxson paradox
household economies of scale
indifference scales

Ereignis
Geistige Schöpfung
(wer)
Gutierrez, Federico H.
Ereignis
Veröffentlichung
(wer)
Global Labor Organization (GLO)
(wo)
Maastricht
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Gutierrez, Federico H.
  • Global Labor Organization (GLO)

Entstanden

  • 2018

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