21. Economic Theories of the Household: A Critical Review
- Author:
- Päivi Mattila-Wiro
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- The aim of this paper is to review the principal assumptions and aspects of the unitary household model and collective models of household behaviour. Empirical studies are presented to assess whether the theories can offer adequate descriptions of household behaviour and to examine the types of policy implications that can be drawn from these. The paper concludes that the models reviewed lack the analytical tools to provide an understanding of the reality of households. Theories are unrealistic and therefore are of little use in the design of policies or projects which endeavour to help people
- Topic:
- Economics, Education, and Emerging Markets