Household Income Composition and Household Goods
AbstractThe paper focuses on the change in household income composition and the factors that determine it. The results bring additional knowledge about household poverty dynamics. Based on the collective approach to the family and the cooperative game theory it is constructed theoretical model of household income composition change. The change in income composition is a result from bargaining between household members in attempt to defend the most suitable for them income source. Decisive influence in the household income pattern bargaining have specific set of household goods. Through empirical analysis of European Community Household Panel 2003 data it is proved that the adoption of definite income compositions (with prevailing wages and salaries share and with prevailing social transfers share) is a result from the availability of specific set of household goods.
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Bibliographic InfoPaper provided by IRISS at CEPS/INSTEAD in its series IRISS Working Paper Series with number 2005-02.
Length: 35 pages
Date of creation: Mar 2005
Date of revision:
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household income pattern ; household goods ; cooperative game theory;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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