TY - UNPB
T1 - Bargaining or efficiency within the household? The case of Italy
AU - AINA, CARMEN
AU - Mazzotta, F.
AU - Parisi, L.
PY - 2014
Y1 - 2014
N2 - Two aspects play a role in the household decision-making, the efficiency and the bargaining power’s argument. The crucial difference between the two approaches is the expected influence of personal and partners’ wage. To investigate which of the two models hold, in the Italian context, we estimate an ordered probit model for four aspects of household decision-making. We use It-Silc 2010 as it provides a module on intra-household sharing of resources. Results show that in strategic control decisions, where the power argument should dominate the efficiency approach (i.e. decisions on durable goods, savings and other important decisions) the spouse/partner with higher wage is the household decision maker. For decision regarding executive management (i.e. decision on everyday shopping) the efficiency argument holds.
Key Words financial management, intra-household bargaining, household production, gender differences; intra-household decision power; family economics; JEL J12 D13 E21 G11
AB - Two aspects play a role in the household decision-making, the efficiency and the bargaining power’s argument. The crucial difference between the two approaches is the expected influence of personal and partners’ wage. To investigate which of the two models hold, in the Italian context, we estimate an ordered probit model for four aspects of household decision-making. We use It-Silc 2010 as it provides a module on intra-household sharing of resources. Results show that in strategic control decisions, where the power argument should dominate the efficiency approach (i.e. decisions on durable goods, savings and other important decisions) the spouse/partner with higher wage is the household decision maker. For decision regarding executive management (i.e. decision on everyday shopping) the efficiency argument holds.
Key Words financial management, intra-household bargaining, household production, gender differences; intra-household decision power; family economics; JEL J12 D13 E21 G11
KW - Family economics
KW - Financial management, Intra-household bargaining, Household production, Gender differences
KW - Intra-household decision power
KW - Family economics
KW - Financial management, Intra-household bargaining, Household production, Gender differences
KW - Intra-household decision power
UR - https://iris.uniupo.it/handle/11579/86802
M3 - Working paper
SN - 9788895406299
VL - 130
SP - 1
EP - 28
BT - Bargaining or efficiency within the household? The case of Italy
ER -