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Randomized household labor supply

Author

Listed:
  • Pierre André Chiappori

    (Columbia University)

Abstract

In a multiperson household, indivisibilities or other externalities may imply that optimal decisions involve explicit randomizations. This issue is orthogonal to the standard distinction between unitary and collective models; it arises even when the household aggregates individual utilities through a Samuelsonian index.

Suggested Citation

  • Pierre André Chiappori, 2018. "Randomized household labor supply," Review of Economics of the Household, Springer, vol. 16(1), pages 171-188, March.
    • Handle: RePEc:kap:reveho:v:16:y:2018:i:1:d:10.1007_s11150-017-9397-6
    DOI: 10.1007/s11150-017-9397-6
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    References listed on IDEAS

    as
    1. Browning,Martin & Chiappori,Pierre-André & Weiss,Yoram, 2014. "Economics of the Family," Cambridge Books, Cambridge University Press, number 9780521795395.
    2. M. Browning & P. A. Chiappori, 1998. "Efficient Intra-Household Allocations: A General Characterization and Empirical Tests," Econometrica, Econometric Society, vol. 66(6), pages 1241-1278, November.
    3. Chiappori, Pierre-Andre, 1988. "Rational Household Labor Supply," Econometrica, Econometric Society, vol. 56(1), pages 63-90, January.
    4. Browning, Martin & Deaton, Angus & Irish, Margaret, 1985. "A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle," Econometrica, Econometric Society, vol. 53(3), pages 503-543, May.
    5. Paul A. Samuelson, 1956. "Social Indifference Curves," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 1-22.
    6. Chiappori, Pierre-Andre, 1992. "Collective Labor Supply and Welfare," Journal of Political Economy, University of Chicago Press, vol. 100(3), pages 437-467, June.
    7. Shelly Lundberg & Robert Pollak, 2003. "Efficiency in Marriage," Review of Economics of the Household, Springer, vol. 1(3), pages 153-167, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Donni, Olivier & Molina, José Alberto, 2018. "Household Collective Models: Three Decades of Theoretical Contributions and Empirical Evidence," IZA Discussion Papers 11915, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Labor suppy; Collective model; Samuelson; Randomization; Unitary model;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation

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