Accession Number : AD0705350

Title :   A THEORY OF HOUSEHOLD DEMAND AND LABOR SUPPLY,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA

Personal Author(s) : De Vany,Arthur

Report Date : 05 MAY 1970

Pagination or Media Count : 29

Abstract : A model is given of a household consumer unit with 2 working members. Working time of the wife is allocated to household work or market work according to her market wage rate, and her productivity in household work. The wife's productivity in household work depends upon the goods consumed by the household, the husband's wage rate, and the family's non-wage income. Theorems derived concern the effect of changes in these income parameters and the prices of goods on the labor force participation of the wife, hours worked by the husband and the goods bundle consumed by the household. One theorem, for example, states that an income compensated increase in the wife's market wage will increase her labor force participation and shorten the husband's work week. (Author)

Descriptors :   (*LABOR, FEMALES), (*EMPLOYMENT, MATHEMATICAL MODELS), (*ECONOMICS, THEORY), SALARIES, PARTIAL DIFFERENTIAL EQUATIONS, IMPACT, TRANSFORMATIONS, STATISTICAL ANALYSIS

Subject Categories : Personnel Management and Labor Relations

Distribution Statement : APPROVED FOR PUBLIC RELEASE