Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/34500
Authors: 
Apps, Patricia
Rees, Ray
Year of Publication: 
2007
Series/Report no.: 
IZA Discussion Papers 3127
Abstract: 
We set out a general framework for cooperative household models, based on Samuelson's idea of a household welfare function, but extending it to incorporate the key insight from Nash bargaining models - the idea that the household's preference ordering over the utility profiles of its members depends on their wage rates (or prices more generally) and non-wage incomes. Applying reasonable general restrictions on the effects of changes in these variables allows derivation of the general implications of cooperative models.
Subjects: 
Generalisation
household
model
Document Type: 
Working Paper

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