Construct · 1 fields · 1 citations

limited commitment in the household: a standalone construct

One name. One construct. A landmark on the map.

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limited commitmentin the household1 CONSTRUCTLimited commitment inMAZZOCCO · ECONOMICS OF THE

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Economics of the family

the idea that spouses cannot bind themselves to future allocations, so household decisions shift as each partner's outside options change.

In economics of the family, limited commitment in the household refers to the idea that spouses cannot bind themselves to future allocations, so household decisions shift as each partner's outside options change. This meaning comes from Mazzocco (2007) in The Review of Economic Studies.[1]

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Nearby constructs

commitment5 fields · 9 citationsjingle · one name, five constructsfamily3 fields · 3 citationsjingle · one word, three constructsfuture3 fields · 6 citationsjingle · one word, three constructs

References

  1. Mazzocco, M. (2007). Household Intertemporal Behaviour: A Collective Characterization and a Test of Commitment. The Review of Economic Studies, 74(3), 857-895. https://doi.org/10.1111/j.1467-937x.2007.00447.x

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