Collective Household Models: Principles and Main Results
Year: 2002
Type: article
Abstract: In the traditional approach to consumer behaviour it is assumed that households behave as if they were single decision‐making units. This approach has methodological, empirical and welfare economic deficiencies. A valuable alternative to the traditional model is the collective approach to household behaviour. The collective approach explicitly takes account of the fact that multi‐person households consist of several members which may have different preferences. Among these household members, an intrahousehold bargaining process is assumed to take place. In addition to providing an introduction to the collective approach, this survey intends to show how different collective household models, each with their own aims and assumptions, are connected.
Source: Journal of Economic Surveys
Author: Frederic Vermeulen
Institutions: Tilburg University, IZA - Institute of Labor Economics, KU Leuven
Language: English
Subfield: Gender Studies
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
Funder: KU Leuven
OpenAlex ID: W1517534790