This paper reviews and analyzes a literature that examines the restrictiveness of focusing on households as single units of analysis. In particular, this literature asks: To what extent can we use the household as a unit of analysis, and when do we need to disaggregate the household and look at individual behavior within the household? In this paper, I examine the different models of intrahousehold resource allocation and the empirical work they have generated. Each of the models has a different set of assumptions about the four components of household decisions. The assumptions and predictions of each of the main models of intrahousehold resource allocation are presented; then I discuss the empirical work that tests the validity of the assumptions and discuss when the different models may be appropriate.
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Paper provided by University of Minnesota, Department of Applied Economics in its series Staff Papers with number
94-18.
Length: Date of creation: Jul 1994 Date of revision: Handle: RePEc:wop:minnas:9418
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Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1985.
"The Strategic Bequest Motive,"
Journal of Political Economy,
University of Chicago Press, vol. 93(6), pages 1045-76, December.
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Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986.
"The Strategic Bequest Motive,"
Journal of Labor Economics,
University of Chicago Press, vol. 4(3), pages S151-82, July.
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