Household Consumption When the Marriage Is Stable

• 成果类型: Article
• 署名作者: Cherchye, Laurens; Demuynck, Thomas; De Rock, Bram; Vermeulen, Frederic
• 署名单位: KU Leuven; Universite Libre de Bruxelles; Maastricht University; KU Leuven
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20151413
• 发表日期: 2017
• 页码: 1507-1534
• 关键词: efficient intrahousehold allocations; REVEALED PREFERENCE THEORY; GENERAL CHARACTERIZATION; nonparametric bounds; Collective model; empirical tests; group-behavior; identification; demand; MARKET

摘要

We develop a novel framework to analyze the structural implications of the marriage market for household consumption. We define a revealed preference characterization of efficient household consumption when the marriage is stable. We characterize stable marriage with intrahousehold (consumption) transfers but without assuming transferable utility. Our revealed preference characterization generates testable conditions even with a single observation per household and heterogeneous individual preferences across households. The characterization also allows for identifying the intrahousehold decision structure (including the sharing rule) under the same minimalistic assumptions. An application to Dutch household data illustrates the usefulness of our theoretical results.