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Title: Neoclassical and Bargaining Approaches to Household Decision-Making with an Application to the Household Labor Supply Decision
Resulting in 1 citation.
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Brown, Murray Manser, Marilyn E. |
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Neoclassical and Bargaining Approaches to Household Decision-Making with an Application to the Household Labor Supply Decision Presented: Vienna, Austria, Econometric Society, 1977 Cohort(s): Mature Women Publisher: Econometric Society Keyword(s): Bargaining Model; Demography; Earnings; Household Demand; Household Models; Husbands, Income; Leisure; Marriage; Slutsky Matrix Permission to reprint the abstract has not been received from the publisher. The authors focus on the differences in the household demand functions that derive from the neoclassical model on the one hand, and the bargaining solutions on the other hand. Using data for households which include nonworking wives, the authors obtain estimates of leisure demand functions which are based on our most general bargaining models and test various restrictions on them. The empirical results indicate that the neoclassical restrictions are not appropriate for our data. Specifically, the test for equal effects of male and female incomes on household demands is rejected and symmetry of the Slutsky Matrix is also rejected. The authors offer a bargaining approach as an alternative to the neoclassical complete system of demand equations. |
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Bibliography Citation
Brown, Murray and Marilyn E. Manser. "Neoclassical and Bargaining Approaches to Household Decision-Making with an Application to the Household Labor Supply Decision." Presented: Vienna, Austria, Econometric Society, 1977. |