Abstract
In the previous chapters it was assumed that household members make a rational choice, that is, they maximize utility given their preferences, incomes or wage rates of both partners, and constraints they are facing. In this chapter we shall pay attention to the household’s institutional and social setting, which is partly responsible for the constraints and which sometimes even affects household preferences and decisions.
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© 1996 Peter Kooreman and Sophia Wunderink
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Kooreman, P., Wunderink, S. (1996). Households in Their Institutional and Social Setting. In: The Economics of Household Behaviour. Palgrave, London. https://doi.org/10.1007/978-1-349-25436-1_4
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DOI: https://doi.org/10.1007/978-1-349-25436-1_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-59736-1
Online ISBN: 978-1-349-25436-1
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