The unitary household model implies pooling of all individual incomes. This study distinguishes between various types of income pooling and tests them on Australian household income/expenditure data. The tests recognise the endogeneity of both earned and unearned income and are performed using a 3 SLS estimation procedure that allows feedback between the various equations.
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Paper provided by Tasmania - Department of Economics in its series Papers with number
2001-02.
Find related papers by JEL classification: C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Estimation D19 - Microeconomics - - Household Behavior - - - Other J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
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