Individual Decisions and Household Demand for Consumption and Leisure

Research in Economics, Vol. 54, No. 3, September 2000

Posted: 10 Jul 2001

See all articles by Maria Concetta Chiuri

Maria Concetta Chiuri

University of Salerno - Centre for Studies in Economics and Finance (CSEF); Università degli Studi di Bari

Abstract

The standard microeconomic assumption of a household utility function raises two theoretical problems: it contradicts methodological individualism and it ignores economic phenomena such as income and consumption sharing, division of labor, externalities and altruism within a household. This paper reviews two approaches, aggregation theory and the more recent non-unitary models, to compare the different properties that household consumption and leisure demands have to satisfy in the two contexts. The paper also discusses some recent empirical evidence that seems to encourage further investigation in the non-unitary framework.

JEL Classification: D1, D7

Suggested Citation

Chiuri, Maria Concetta, Individual Decisions and Household Demand for Consumption and Leisure. Research in Economics, Vol. 54, No. 3, September 2000, Available at SSRN: https://ssrn.com/abstract=248051

Maria Concetta Chiuri (Contact Author)

University of Salerno - Centre for Studies in Economics and Finance (CSEF) ( email )

CSEF
84084 Fisciano, Salerno
Italy
+39 080 504 9340 (Phone)
+39 080 504 9149 (Fax)

Università degli Studi di Bari ( email )

Piazza Umberto I
70124 Bari, 70121
Italy

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