Ebook: Household Economic Behaviors

For decades, the traditional model of household economic behavior assumed a nuclear family and a standardized structure. But recent seismic shifts in family composition (e.g., childless, cohabiting, blended) and in the ways family members shop, save, and work are bringing challenges to the unitary model and opening up new avenues for study.

In Household Economic Behaviors, a distinguished panel of researchers offers theoretical analysis and empirical findings that reflect the complex realities of contemporary family decision-making. Non-unitary alternatives featured include collective/cooperative, strategic/bargaining, and independent individual models. A variety of pertinent situations and comparative studies comes under discussion, such as intra-household bargaining, monetary versus non-monetary transfers within households, decision-making differences between immigrant and native families, and the impact of economic downturns. Chapter authors add to a diversifying knowledge base as they:

· Introduce and clarify non-unitary models of household behavior, including collective and strategic, with their policy implications.

· Discuss alternative independent individual models of the household.

· Review the current literature on household time use, inequality, and taxation.

· Examine revealed preference tests for collective household behavior.

· Compare collective labor supply of natives and immigrants.

· Explore the effects of marriage on couples’ allocation of time.

· Tackle the controversial question, “Do fathers matter—or just their money?”

· Consider the transmission of economic shocks among family members.

The innovative and timely perspectives in Household Economic Behaviors are especially instructive for researchers studying the economics of the family and social policy, as well as professors and students in family relations.

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Significant recent changes in the structure and composition of households make the study of the economic relationships within the household of particular interest for academics and policy-makers. In this context, Household Economic Behaviors, through its focus on theoretical and empirical chapters on a range of economic behaviors within the household, provides a new and timely viewpoint. Following the Introduction and one or two surveys which give a general background, the volume includes theoretical and empirical perspectives on allocation of available time within the household, monetary and non-monetary transfers between household members, and intra-household bargaining.