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A Theory of the Allocation of Time "
Becker’s (1965) paper, "A Theory of the Allocation of Time" revolutionized the modeling of household behavior, by unifying Marshallian demand functions for goods with labor supply and related timeExpand
Traditionally, household behavior is derived from the maximization of a unique utility function. In this paper, we propose an alternative approach, in which the household is modeled as a two-memberExpand
Collective Labor Supply and Welfare
  • P. Chiappori
  • Economics
  • Journal of Political Economy
  • 1 June 1992
The paper develops a general, "collective" model of household labor supply in which agents are characterized by their own (possibly altruistic) preferences, and household decisions are only assumedExpand
Efficient Intra-Household Allocations: A General Characterization and Empirical Tests
The neoclassical theory of demand applies to individuals, yet in empirical work it is usually taken as valid for households with many members. This paper explores what the theory of individualsExpand
Testing for Asymmetric Information in Insurance Markets
The first goal of this paper is to provide a simple and general test of the presence of asymmetric information in contractual relationships within a competitive context. We also argue that insuranceExpand
Income and Outcomes: A Structural Model of Intrahousehold Allocation
There is evidence from several sources that one cannot treat many-person households as a single decision maker. If this is the case, then factors such as the relative incomes of the household membersExpand
Marriage Market, Divorce Legislation, and Household Labor Supply
This paper provides a theoretical framework for analyzing the impact of the marriage market and divorce legislation on household labor supply. In our approach, the sex ratio in the marriage marketExpand
Unitary versus collective models of the household : time to shift the burden of proof?
Until recently, most economists viewed the household as a collection of individuals who behave as if in agreement on how best to combine time and goods (purchased or produced at home) to produceExpand
Collective Labour Supply: Heterogeneity and Nonparticipation
We present identification and estimation results for the "collective" model of labour supply in which there are discrete choices, censoring of hours and nonparticipation in employment. We derive theExpand
Econometric Models of Insurance under Asymmetric Information
The paper surveys recent empirical studies that test for or evaluate the importance of asymmetric information in insurance relationships. I first discus the main conclusions reached by insuranceExpand