100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECON0115 Topics in Household Economics Summary UCL $16.12   Add to cart

Summary

ECON0115 Topics in Household Economics Summary UCL

 103 views  1 purchase
  • Course
  • Institution

A detailed summary of the lecture material for Topics in Household Economics (ECON0115) taught by Valerie Lechene, complete with information from live lectures and additional information from reading lists. Final mark: 76%

Preview 4 out of 52  pages

  • June 13, 2023
  • 52
  • 2022/2023
  • Summary
  • Unknown
avatar-seller
WEEK I


lincomepooling
Redistributionof hasnoimpactonobservedchoice

if x 1 or 99 c isthesame

yegg y 1

underincomepooling yes
a nothingto dowithjointbankaccounts
4 mechanismfeasibility
f observedchoice

importantbecause




No Peoplecan'tsay
jointbankaccounts Enficebserved
observe'd
choice
theycan rued
jointbankaccounts

tudyingobservedchoice
Notmechanism 1
andnotallocation
usingtheoryofchoice t dateonchoicetoevaluateincomepooling



A inincomeallocation




t incomepooling reallocating E ofincomemaynotleadtothesamechoice unless
samepreferences nomothetic
preferences
notincomepooling



bythequantity andsums
withincomepooling choicesareonlyaffected ofincomenottheallocation

, Unitaryhouseholdmodel

Budgetconstraint




pg t p292 E Y
slope Palp

withatwopersonhousehold

y yo t w h t waha
budgetset
nineteen
B
i pg t p292 E yo t win t wahr

Reallocating E ofincome

Pig t p292 E yo t Iwin El t wah t El
Yo
pg t p292 E t win t wah
unchanged

no a choice imposesincome
pooling

choice
MRS MRT




havingdiffincomes
notchangingobservedchoices

income
pooling t
separateseffectof y 42

p
margeffectofincomesarenotequal




othersutilityisindependentofincome
caringabout pooling

, IData1




Testingincome
pooling
estimateobservedchoicesagainstincome

ifmargeffectofincomesareequal

,

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller joelchoo. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.12. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67474 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$16.12  1x  sold
  • (0)
  Add to cart