Preference interdependence and habit formation

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


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).


Reference Group Labour Supply Family Size Preference Formation Preference Interdependence 
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© Springer-Verlag Berlin Heidelberg 1991

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  • Isolde Woittiez

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