G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w8642
来源IDWorking Paper 8642
Efficiency in Marriage
Shelly Lundberg; Robert A. Pollak
发表日期2001-12-13
出版年2001
语种英语
摘要Economists usually assume that bargaining in marriage leads to efficient outcomes. The most convincing rationale for this assumption is the belief that efficient allocations are likely to emerge from repeated interactions in stationary environments, and that marriage provides such an environment. This paper argues that when a current decision affects future bargaining power, inefficient outcomes are plausible. If the spouses could make binding commitments -- in effect, commitments to refrain from exploiting the future bargaining advantage -- then the inefficiency would disappear. But spouses seldom can make binding commitments regarding allocation within marriage. To investigate the efficiency of bargaining within marriage when choices affect future bargaining power, we consider the location decisions of two-earner couples. These location decisions are transparent and analytically tractable examples of choices likely to affect future bargaining power, but the logic of our analysis applies to many other decisions. For example, decisions about education, fertility, and labor force participation are also potential sources of inefficiency.
主题Microeconomics ; Households and Firms
URLhttps://www.nber.org/papers/w8642
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566249
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GB/T 7714
Shelly Lundberg,Robert A. Pollak. Efficiency in Marriage. 2001.
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