Arbeitspapier

Cooperative household models

We set out a general framework for cooperative household models, based on Samuelson's idea of a household welfare function, but extending it to incorporate the key insight from Nash bargaining models - the idea that the household's preference ordering over the utility profiles of its members depends on their wage rates (or prices more generally) and non-wage incomes. Applying reasonable general restrictions on the effects of changes in these variables allows derivation of the general implications of cooperative models.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 3127

Classification
Wirtschaft
Subject
Generalisation
household
model
Haushaltsökonomik
Soziale Wohlfahrtsfunktion
Verhandlungstheorie
Theorie

Event
Geistige Schöpfung
(who)
Apps, Patricia
Rees, Ray
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2007

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Apps, Patricia
  • Rees, Ray
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2007

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