Preference interdependence and habit formation

  • Isolde Woittiez
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)

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).

Keywords

Covariance Income Rote 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 1991

Authors and Affiliations

  • Isolde Woittiez

There are no affiliations available

Personalised recommendations