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Intrahousehold allocation of financial resources: evidence from South Korean individual bank accounts

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  • Jungmin Lee
  • Mark L. Pocock

Abstract

Using individual bank account data from South Korea, where joint accounts are rare and the legal system emphasizes the individuality of financial transactions, we examine the distribution of financial resources between spouses within households. We find that each member’s share of household savings depends on the balance of bargaining power. We also find that the wife’s bargaining power increases total household savings. The findings deviate from the unitary model. Copyright Springer Science+Business Media, LLC 2007

Suggested Citation

  • Jungmin Lee & Mark L. Pocock, 2007. "Intrahousehold allocation of financial resources: evidence from South Korean individual bank accounts," Review of Economics of the Household, Springer, vol. 5(1), pages 41-58, March.
    • Handle: RePEc:kap:reveho:v:5:y:2007:i:1:p:41-58
    DOI: 10.1007/s11150-007-9004-3
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    More about this item

    Keywords

    Savings; Household bargaining; D1; E2;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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