Confronting the Robinson Crusoe paradigm with household-size heterogeneity

Arbeitspapier

Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a challenging complication is that consumer and income data are typically available at the household level, and individuals living in multimember households have the potential to share goods within the household. The analytical approach of modern macroeconomics would require that intra-household sharing is also strictly aligned across the rich and the poor. Here we have designed a survey method that allows the testing of this stringent property of intra-household sharing and find that it holds: once expenditures for basic needs are subtracted from disposable household income, household-size economies implied by the remainder household incomes are the same for the rich and the poor.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CFS Working Paper ; No. 2008/24

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Classification Discontinued 2008. See C83. ; Macroeconomics: Consumption; Saving; Wealth ; Consumer Economics: Empirical Analysis ; Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts ; Consumer Economics: Theory ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Personal Income, Wealth, and Their Distributions ; Measurement and Analysis of Poverty
• Thema: Linear Aggregation ; Representative Consumer ; Equivalence Scales ; Survey Method ; Household-Size Economies ; Konsumentenverhalten ; Haushaltsökonomik ; Verbraucherausgaben ; Skalenertrag ; Disparitätsmaß ; Schätzung ; USA

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Koulovatianos, Christos ; Schröder, Carsten ; Schmidt, Ulrich
• Ereignis: Veröffentlichung
• (wer): Goethe University Frankfurt, Center for Financial Studies (CFS)
• (wo): Frankfurt a. M.
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/25559
• URN: urn:nbn:de:hebis:30-56972
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ