Search Results
Title: Household Demand: A Synthesis of Interdisciplinary Theory and Empiricism
Resulting in 1 citation.
| 1. |
Campbell, John M. |
|
Household Demand: A Synthesis of Interdisciplinary Theory and Empiricism Ph.D. Dissertation, University of Oklahoma, 1975 Cohort(s): Mature Women Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Family Resources; Fertility; Household Demand; Marriage; Simultaneity; Wages Resurgence of social scientists' concern with household demand has created intradisciplinary disputes within economics over the exact interaction of the economic determinants of marriage, labor force participation, and fertility. To test the validity of opposing views, a theoretical model of household utility maximization is developed initially and then tested empirically using a novel data base and several estimation procedures. In general, the results make the following tentative observations: (1) average wage rates are an inadequate proxy for general time value; (2) racial differences in household demand cannot be accurately measured by analysis of covariance estimation procedures; (3) ordinary least squares are generally inferior to the Tobit and Twin Linear probability estimation procedures; (4) contrary to Willis' and the new household demand school of thoughts belief, individual family member utility functions are not independent; and most importantly, (5) competing views within economics and other social scientists contributions reinforce each other when all are included simultaneously as household demand determinants. |
|
|
Bibliography Citation
Campbell, John M. Household Demand: A Synthesis of Interdisciplinary Theory and Empiricism. Ph.D. Dissertation, University of Oklahoma, 1975. |