Over the last 3 decades, economic models have been developed that recognize that potentially conflicting interests may shape household decisions and the sharing of resources within families. This article provides an overview of how decision making within households has been modeled within economics, presents the main benefits and limitations of those models, and critically assesses their useful…
The authors examine how contributions to household resources, indicated by employment status, influence satisfaction with household income (SWHI) for members of male/female couples. They take changes in SWHI, which may differ within couples, to indicate changes in perceived benefits from their common household income, benefits that can go beyond individual consumption. Using data from the Brit…