Marriage, the Sharing Rule, and Pocket Money: The Case of South Korea
Using longitudinal data on private consumption from South Korea, this article examines the marital balance of power between spouses in a dynamic setting by allowing for unobserved heterogeneity at the household level and spousesâ€™ time-constant unobserved bargaining power. I find that unobserved power plays a significant role in intrahousehold resource allocation. The income pooling hypothesis is no longer rejected after accounting for unobserved power. Relative spousal earnings may be a good proxy for the long-term balance of power to an extent that cross-sectional variation in relative earnings across households reflects the pattern of spousal matching. However within-marriage changes in relative earnings do not induce any significant resource transfer between spouses. The balance of bargaining power is stable within marriage.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 55 (2007)
Issue (Month): ()
|Contact details of provider:|| Web page: http://www.journals.uchicago.edu/EDCC/|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kaushik Basu, 2004.
"Gender and Say A Model of Household Behavior with Endogenously-determined Balance of Power,"
Harvard Institute of Economic Research Working Papers
2054, Harvard - Institute of Economic Research.
- Kaushik Basu, 2006. "Gender and Say: a Model of Household Behaviour with Endogenously Determined Balance of Power," Economic Journal, Royal Economic Society, vol. 116(511), pages 558-580, 04.
- Basu, Kaushik, 2001. "Gender and Say: A Model of Household Behavior with Endogenously-Determined Balance of Power," Working Papers 01-01, Cornell University, Center for Analytic Economics.
- Saku Aura, 2002.
"Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining,"
0217, Department of Economics, University of Missouri.
- Saku Aura, 2002. "Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining," CESifo Working Paper Series 801, CESifo Group Munich.
- Saku Aura, 2003. "Uncommitted Couples: Some Efficiency and Policy Implications of Marital Bargaining," Microeconomics 0304002, EconWPA.
- Chiappori, Pierre-Andre, 1992.
"Collective Labor Supply and Welfare,"
Journal of Political Economy,
University of Chicago Press, vol. 100(3), pages 437-467, June.
- McElroy, Marjorie B & Horney, Mary Jean, 1981. "Nash-Bargained Household Decisions: Toward a Generalization of the Theory of Demand," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(2), pages 333-349, June.
- Shelly Lundberg & Robert A. Pollak, 1996. "Bargaining and Distribution in Marriage," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 139-158, Fall.
- 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.
- Pierre-Andre Chiappori & Bernard Fortin & Guy Lacroix, 2002.
"Marriage Market, Divorce Legislation, and Household Labor Supply,"
Journal of Political Economy,
University of Chicago Press, vol. 110(1), pages 37-72, February.
- Pierre-André Chiappori & Bernard Fortin & Guy Lacroix, 2001. "Marriage Market, Divorce Legislation and Household Labor Supply," CIRANO Working Papers 2001s-16, CIRANO.
- Chiappori, Pierre-André & Fortin, Bernard & Lacroix, Guy, 2001. "Marriage Market, Divorce Legislation and Household Labor Supply," Cahiers de recherche 0103, Université Laval - Département d'économique.
- Duncan Thomas, 1990.
"Intra-Household Resource Allocation: An Inferential Approach,"
Journal of Human Resources,
University of Wisconsin Press, vol. 25(4), pages 635-664.
- Thomas, D., 1989. "Intra-Household Resource Allocation: An Inferential Approach," Papers 586, Yale - Economic Growth Center.
- Udry, Christopher, 1996. "Gender, Agricultural Production, and the Theory of the Household," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 1010-1046, October.
- Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, Enero.
- Richard Blundell & Pierre-André Chiappori & Costas Meghir, 2005.
"Collective Labor Supply with Children,"
Journal of Political Economy,
University of Chicago Press, vol. 113(6), pages 1277-1306, December.
- Iyigun, Murat & Walsh, Randall P., 2005.
"Building the Family Nest: Pre-Marital Investments, Marriage Markets and Spousal Allocations,"
IZA Discussion Papers
1752, Institute for the Study of Labor (IZA).
- Murat Nick & P. Randall Walsh, 2007. "Building the Family Nest: Premarital Investments, Marriage Markets, and Spousal Allocations," Review of Economic Studies, Oxford University Press, vol. 74(2), pages 507-535.
- Pramila Krishnan & Stefan Dercon, 1997.
"In sickness and in health ... risk-sharing within households in rural Ethiopia,"
CSAE Working Paper Series
1997-12, Centre for the Study of African Economies, University of Oxford.
- Stefan Dercon & Pramila Krishnan, 2000. "In Sickness and in Health: Risk Sharing within Households in Rural Ethiopia," Journal of Political Economy, University of Chicago Press, vol. 108(4), pages 688-727, August.
- Heather Antecol, 2003. "Why is there Cross-Country Variation in Female Labor Force Participation Rates? The Role of Male Attitudes Toward Family and Sex Roles," Claremont Colleges Working Papers 2003-03, Claremont Colleges.
- Browning, M. & Bourguignon, F. & Chiappori, P.A. & Lechene, V., 1992.
"Incomes and Outcomes: A structural Model of Intra-Household Allocation,"
DELTA Working Papers
92-23, DELTA (Ecole normale supérieure).
- Browning, Martin & Francois Bourguignon & Pierre-Andre Chiappori & Valerie Lechene, 1994. "Income and Outcomes: A Structural Model of Intrahousehold Allocation," Journal of Political Economy, University of Chicago Press, vol. 102(6), pages 1067-1096, December.
When requesting a correction, please mention this item's handle: RePEc:ucp:ecdecc:v:55:y:2007:p:557-581. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.