Are Children Decision‐Makers within the Household?
Abstract
This article seeks to determine whether children aged 16 and over and who are living with their parents influence the household decision‐making process. Assuming collective rationality within the household, we show how a minimal number of decision‐makers can be inferred from the parametric constraints of the collective model. Using UK Family Expenditure Surveys, we find the data to be consistent with the children being decision‐makers. When...
Paper Details
Title
Are Children Decision‐Makers within the Household?
Published Date
Jan 21, 2011
Journal
Volume
121
Issue
553
Pages
871 - 903
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