Abstract
It has already been stated in Chapter 2 that most likely utility functions will vary across households. For a good understanding of household labour supply it is important to identify systematic factors which cause this variation. We pay attention to two major causes of differences in utility functions across households: preference formation (in this chapter) and differences in household composition (in Chapter 2).
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© 1991 Springer-Verlag Berlin Heidelberg
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Woittiez, I. (1991). Preference interdependence and habit formation. In: Modelling and Empirical Evaluation of Labour Supply Behaviour. Studies in Contemporary Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-84508-6_4
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DOI: https://doi.org/10.1007/978-3-642-84508-6_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-54054-0
Online ISBN: 978-3-642-84508-6
eBook Packages: Springer Book Archive