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Much recent empirical work on intra-household allocation uses the axiomatic Nash Bargaining model to make predictions about how the distribution of consumption within the household will respond to individuals' income shocks. However, one of the basic axioms underlying this approach is that...
Persistent link: https://www.econbiz.de/10014185303
Over the last several decades, the World Bank has accumulated a large number of datasets from a large number of countries which are based on household-level surveys, statistically representative of the populations of those countries, and which include data on non-durable expenditures. These data...
Persistent link: https://www.econbiz.de/10013129153