Household Consumption When the Marriage Is Stable
Household Consumption When the Marriage Is Stable
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DOI:
10.1257/aer.20151413
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发表时间:
2017-06-01
影响因子:
10.7
通讯作者:
Vermeulen, Frederic
中科院分区:
文献类型:
--
作者:
Cherchye, Laurens;Demuynck, Thomas;Vermeulen, Frederic
We develop a novel framework to analyze the structural implications of the marriage market for household consumption. We define a revealed preference characterization of efficient household consumption when the marriage is stable. We characterize stable marriage with intrahousehold (consumption) transfers but without assuming transferable utility. Our revealed preference characterization generates testable conditions even with a single observation per household and heterogeneous individual preferences across households. The characterization also allows for identifying the intrahousehold decision structure (including the sharing rule) under the same minimalistic assumptions. An application to Dutch household data illustrates the usefulness of our theoretical results.