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Sharing of resources within the family and the economics of household decision-making

Himmelweit, Susan; Santos, Cristina; Sevilla, Almudena and Sofer, Catherine (2013). Sharing of resources within the family and the economics of household decision-making. Journal of Marriage and Family, 75(3) pp. 625–639.

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DOI (Digital Object Identifier) Link: https://doi.org/10.1111/jomf.12032
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Abstract

Over the last thirty years, economic models have been developed that recognize that potentially conflicting interests may shape household decisions and the sharing of resources within families. This paper provides an overview of how decision-making within households has been modeled within economics, presents the main benefits and limitations of those models and critically assesses their usefulness to those from other disciplines interested in the within-household distribution of resources. Our main focus is on the theory, empirical application and results of the currently dominant collective models, but we also look at developments that led up to them and some subsequent extensions and alternative approaches. Given the weight placed by policy-makers and others on economic and quantitative evidence, it is incumbent on researchers of all disciplines to understand the achievements and limitations of the models used, explicitly or implicitly, to produce such evidence and the assumptions that lie behind them.

Item Type: Journal Item
Copyright Holders: 2013 National Council on Family Relations
ISSN: 1741-3737
Project Funding Details:
Funded Project NameProject IDFunding Body
Not SetNot SetESRC (Economic and Social Research Council)
Keywords: collective models; family economics; family resource management; gender; inequality; rational choice
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Economics
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Item ID: 36449
Depositing User: Susan Himmelweit
Date Deposited: 31 Jan 2013 11:35
Last Modified: 07 Aug 2019 13:34
URI: http://oro.open.ac.uk/id/eprint/36449
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