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Observable and Unobservable Household Sharing Rules : Evidence from Young Couples' Pocket Money

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dc.creator Lee, Jungmin
dc.date 2004
dc.date.accessioned 2013-10-16T07:10:51Z
dc.date.available 2013-10-16T07:10:51Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20513
dc.identifier ppn:395904854
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20513
dc.description The leading evidence against the unitary household models is that "who gets what" is significantly dependent upon "who earns how much." However, it is difficult to pin down the causal effect of relative earnings on intra-household resource allocation because households jointly decide both labor supply and consumption. I utilize longitudinal data to analyze the spouse's individual budgets – "pocket money." This unique data set allows for the specification of the simultaneous process of household decision-making in a fully stochastic fashion. By doing this, it is possible to differentiate unobserved spousal bargaining power from heterogeneity at the household level. The results imply that the balance of power between spouses is stable over time and robust to transitory changes in relative earnings. Public policies targeting the disadvantaged within households should be designed and implemented on the long-term basis.
dc.language eng
dc.relation IZA Discussion paper series 1250
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J1
dc.subject D1
dc.subject ddc:330
dc.subject intrahousehold resource allocation
dc.subject collective household models
dc.subject bargaining power
dc.subject Haushaltsökonomik
dc.subject Familie
dc.subject Verhandlungsmacht
dc.subject Einkommen
dc.subject Schätzung
dc.subject Südkorea
dc.title Observable and Unobservable Household Sharing Rules : Evidence from Young Couples' Pocket Money
dc.type doc-type:workingPaper

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