Advertisement

Labor Supply and Marriage Markets: A Simple Graphic Analysis with Household Public Goods

Chapter

Abstract

When modeling labor supply economists tend to be committed to the leisure/goods trade-off based on a 1930 model by Lionel Robbins that does not make room for effects of marriage market conditions on labor supply. By introducing Work-In-Household (WiHo) and market prices for such WiHo (as explained in Chap. 2) I obtain a relatively easy time/goods trade-off graph that shares many common features with the Robbins model but also allows for effects of marriage market conditions on time allocation, including labor supply. In contrast with earlier models in this book in which individuals only consumed private goods, this model assumes that there is one public good and no private goods.

Keywords

Labor Supply Household Production Marriage Market Indifference Curve Micro Model 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

  1. Cherry, Robert. 1998. Rational choice and the price of marriage. Feminist Economics 4:27–49.CrossRefGoogle Scholar
  2. Gronau, Reuben. 1977. Leisure, home production, and work—The theory of the allocation of time revisited. Journal of Political Economy 85:1099–1124.CrossRefGoogle Scholar
  3. Grossbard-Shechtman, Shoshana. 2005. A model of labour supply, household production, and marriage. In Advances in household economics, consumer behaviour and economic policy, ed. T. Van Hoa. London: Ashgate.Google Scholar
  4. Grossbard-Shechtman, S. A., and B. Lemennicier. 1999. Marriage contracts and the law-and-economics of marriage: An Austrian perspective. Journal of Socio-Economics 28:665–690.CrossRefGoogle Scholar
  5. Robbins, Lionel. 1930. On the elasticity of demand for income in terms of efforts. Economica 10:123–129CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.San Diego State University and IZASan DiegoUSA

Personalised recommendations