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Rational Household Labor Supply
Abstract
In this paper, household is modeled as a two-member collectivity taking Pareto-efficient decisions. The consequences of this assumption are analyze d in a three-good model, in which only total consumption and each mem ber's labor supply are observable. If the agents are assumed egoistic (i.e., they are only concerned with their own leisure and consumptio n), it is possible to derive falsifiable conditions upon household la bor supplies from both a parametric and a nonparametric viewpoint. If , alternatively, agents are altruistic, restrictions obtain in the no nparametric context; useful interpretation stems from the comparison with the characterization of aggregate demand for a private-good econ omy. Copyright 1988 by The Econometric Society.
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Citations
Cited by
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Duflo, E. (2003) · The World Bank Economic Review · doi:10.1093/wber/lhg013 · Cited by 1,583
The profits of power: land rights and agricultural investment in Ghana
Goldstein, M., & Udry, C. (2008) · Journal of Political Economy · doi:10.1086/595561 · Cited by 1,142
In Sickness and in Health: Risk Sharing within Households in Rural Ethiopia
Dercon, S., & Krishnan, P. (2000) · Journal of Political Economy · doi:10.1086/316098 · Cited by 693
Women's Liberation: What's in It for Men? *
Doepke, M., & Tertilt, M. (2009) · Quarterly Journal of Economics · doi:10.1162/qjec.2009.124.4.1541 · Cited by 327
Metadata
- Authors
- Chiappori, P.-A.
- Venue
- Econometrica
- Publisher
- JSTOR
- Published
- 1988-01
- Volume
- 56
- Issue
- 1
- Pages
- 63
- ISSN
- 0012-9682 (ISSN-L)
- OpenAlex
- W2020616773
- Cited by
- 1,626
- References
- 0
- FWCI
- 7.07
- Type
- journal article
- Language
- en
- Open access
- closed
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