Household Consumption When the Marriage Is Stable
提出一个分析婚姻市场对家庭消费结构性影响的新框架,定义了婚姻稳定时有效家庭消费的显示偏好特征,无需可转移效用假设,仅凭每户单一观测数据即可检验,并识别家庭内部决策结构。
We develop a novel framework to analyze the structural implications of the marriage market for household consumption. We define a revealed preference characterization of efficient household consumption when the marriage is stable. We characterize stable marriage with intrahousehold (consumption) transfers but without assuming transferable utility. Our revealed preference characterization generates testable conditions even with a single observation per household and heterogeneous individual preferences across households. The characterization also allows for identifying the intrahousehold decision structure (including the sharing rule) under the same minimalistic assumptions. An application to Dutch household data illustrates the usefulness of our theoretical results.