The assumption that household income is strongly and positively correlated with a household's real standard of living … earners. This paper shows, in the context of a model of the household with young children present, that this assumption is not … modelling and numerical simulations based on survey data, that household income is a poor indicator of household well-being …

wage differences, variation in prices of bought-in inputs into household production in the form of child care, and domestic … productivity differences as determinants of across-household heterogeneity in second earner labour supply. The analysis highlights … specification of household time use widens the set of cases in which individual taxation is welfare-superior to joint taxation …

We set out a general framework for cooperative household models, based on Samuelson's idea of a household welfare … function, but extending it to incorporate the key insight from Nash bargaining models - the idea that the household …