Intrafamily Bargaining and Household Decisions

Intrafamily Bargaining and Household Decisions

Author: Notburga Ott

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 251

ISBN-13: 3642457088

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A model of household decisions based on a bargaining approach is developed providing a comprehensive framework for the analysis of family behavior. Treating the family as an economic organization, household behavior is explained by the cooperation of utility maximizing individuals. The difference to traditional microeconomic household models is that theassumption of a joint household utility function is abandoned. Instead of this, a game theoretic approach is used to model family decisions as a result of intrafamily bargaining. Considering the development of the spouses` human capital in a dynamic approach, the long-term effects of intrafamily specialization in market work and work at home are analyzed. Onemajor finding is that in a dynamic setting non-Pareto efficient allocations may result. Empirical tests demonstrate the relevanace of the bargaining approach.


Game-Theoretic Models of Bargaining

Game-Theoretic Models of Bargaining

Author: Alvin E. Roth

Publisher: Cambridge University Press

Published: 1985-11-29

Total Pages: 402

ISBN-13: 0521267579

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This book provides a comprehensive picture of the new developments in bargaining theory.


Economics of the Family

Economics of the Family

Author: Martin Browning

Publisher: Cambridge University Press

Published: 2014-06-05

Total Pages: 511

ISBN-13: 0521791596

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This book provides a comprehensive, modern, and self-contained account of the research in the growing area of family economics. It is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.


Optimal Unemployment Insurance

Optimal Unemployment Insurance

Author: Andreas Pollak

Publisher: Mohr Siebeck

Published: 2007

Total Pages: 204

ISBN-13: 9783161493041

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Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.


Household Economic Behaviors

Household Economic Behaviors

Author: J. A. Molina

Publisher: Springer Science & Business Media

Published: 2011-08-31

Total Pages: 195

ISBN-13: 1441994319

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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.


Economics of the Family and Family Policies

Economics of the Family and Family Policies

Author: Christina Jonung

Publisher: Routledge

Published: 1997-10-16

Total Pages: 190

ISBN-13: 1134750935

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This volume wil be an invaluable, up-to-date, one-stop resource for economists and those involved in the social sciences and gender studies, as well as policy makers themselves.


Career and Family

Career and Family

Author: Claudia Goldin

Publisher: Princeton University Press

Published: 2023-05-09

Total Pages: 344

ISBN-13: 0691228663

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In this book, the author builds on decades of complex research to examine the gender pay gap and the unequal distribution of labor between couples in the home. The author argues that although public and private discourse has brought these concerns to light, the actions taken - such as a single company slapped on the wrist or a few progressive leaders going on paternity leave - are the economic equivalent of tossing a band-aid to someone with cancer. These solutions, the author writes, treat the symptoms and not the disease of gender inequality in the workplace and economy. Here, the author points to data that reveals how the pay gap widens further down the line in women's careers, about 10 to 15 years out, as opposed to those beginning careers after college. She examines five distinct groups of women over the course of the twentieth century: cohorts of women who differ in terms of career, job, marriage, and children, in approximated years of graduation - 1900s, 1920s, 1950s, 1970s, and 1990s - based on various demographic, labor force, and occupational outcomes. The book argues that our entire economy is trapped in an old way of doing business; work structures have not adapted as more women enter the workforce. Gender equality in pay and equity in home and childcare labor are flip sides of the same issue, and the author frames both in the context of a serious empirical exploration that has not yet been put in a long-run historical context. This book offers a deep look into census data, rich information about individual college graduates over their lifetimes, and various records and sources of material to offer a new model to restructure the home and school systems that contribute to the gender pay gap and the quest for both family and career. --


Getting to Yes

Getting to Yes

Author: Roger Fisher

Publisher: Houghton Mifflin Harcourt

Published: 1991

Total Pages: 242

ISBN-13: 9780395631249

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Describes a method of negotiation that isolates problems, focuses on interests, creates new options, and uses objective criteria to help two parties reach an agreement.


An Economic Analysis of the Family

An Economic Analysis of the Family

Author: John Ermisch

Publisher: Princeton University Press

Published: 2016-05-31

Total Pages: 283

ISBN-13: 0691170959

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What do economists have to say about behavior within the context of the family? This book improves our understanding of how families and markets interact, why important aspects of families have been changing in recent decades, and how families respond to, and are affected by, public policy. It covers a broader range of topics with more consistency than have previous studies, including all major theoretical developments in the field over the past decade. John Ermisch builds his analysis on the premise that the standard analytical methods of microeconomics can help us understand resource allocation and the distribution of welfare within the family. Families are dynamic institutions--and so the author uses these same methods to study family formation and dissolution (including marriage, fertility, and divorce) and household formation, as well as intergenerational transfers, household production and investment, and bargaining between family members. He also shows how economic theories of the family can help guide and structure empirical analyses of demographic and related phenomena, such as labor supply, child support, and returns to education. Examples of studies that apply the theory are provided throughout the book. The most comprehensive and up-to-date introduction to an increasingly dynamic area of research, one with important implications for public policy, An Economic Analysis of the Family will be a valuable resource for advanced students of microeconomics and also for students and researchers in sociology, psychology, and other social sciences.


Samuelsonian Economics and the Twenty-First Century

Samuelsonian Economics and the Twenty-First Century

Author: Michael Szenberg

Publisher: OUP Oxford

Published: 2006-08-24

Total Pages: 372

ISBN-13: 0191538353

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This volume illuminates and critically assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the field of economics. The volume includes contributions from eminent scholars, including 6 Nobel Laureates, covering the extraordinary depth and breadth of Samuelson's contributions. Samuelson, the first American economist to win the Nobel prize in 1970, was the foremost voice in economics in the latter half of the 20th century. He single-handedly transformed the discipline by creating a new way of presenting economics, making it possible for it to be cast all in mathematical terms. Samuelson developed broad frameworks, such as the neoclassical synthesis, a mixed economy, and the surrogate production function, which provided practitioners with a vision for research. Samuelson's contributions to economics are rich, complex, consequential, and relevant to the ordinary economics of life. The quality of Samuelson's output and methods leave no doubt that his contributions continue to be timely and relevant even in the 21st century. Ideal as a reference or an introduction to Samuelson's work, this is a must-have for students and academics alike.