Tests of Income Pooling on Household Budget Data: The Australian Evidence
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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|Date of creation:||2001|
|Date of revision:|
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Web page: http://www.utas.edu.au/economics-finance/
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