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Tests of Income Pooling on Household Budget Data: The Australian Evidence

Author

Listed:
  • Geoffrey Lancaster
  • Ranjan Ray

Abstract

The unitary household model implies pooling of all individual incomes. This study distinguishes between various types of income pooling and tests them on Australian household income/expenditure data. The tests recognise the endogeneity of both earned and unearned income and are performed using a 3 SLS estimation procedure that allows feedback between the various equations. The results support income pooling for some items, though not for others. Moreover, income pooling across gender seems much less likely for old people than for the younger individuals. The study, also, provides evidence on the interaction between the various types of income.

Suggested Citation

  • Geoffrey Lancaster & Ranjan Ray, 2002. "Tests of Income Pooling on Household Budget Data: The Australian Evidence," Australian Economic Papers, Wiley Blackwell, vol. 41(1), pages 99-114, March.
    • Handle: RePEc:bla:ausecp:v:41:y:2002:i:1:p:99-114
    DOI: 10.1111/1467-8454.00152
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    Cited by:

    1. Bárcena-Martín, Elena & Blázquez, Maite & Moro-Egido, Ana I., 2020. "The role of income pooling and decision-making responsibilities in material deprivation," Economic Modelling, Elsevier, vol. 87(C), pages 416-428.
    2. Leilanie Basilio, 2009. "Deciding Who Works Where – An Analysis of the Distribution of Work within Native and Immigrant Families in Australia," Ruhr Economic Papers 0125, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    3. Ryoko Morozumi, 2012. "A test of a unitary model on labour supply using the information of household decision-making systems," Applied Economics, Taylor & Francis Journals, vol. 44(33), pages 4291-4300, November.
    4. repec:zbw:rwirep:0125 is not listed on IDEAS
    5. Tipper, Adam, 2010. "Economic models of the family and the relationship between economic status and health," Social Science & Medicine, Elsevier, vol. 70(10), pages 1567-1573, May.
    6. Basilio, Leilanie, 2009. "Deciding Who Works Where – An Analysis of the Distribution of Work within Native and Immigrant Families in Australia," Ruhr Economic Papers 125, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

    More about this item

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • D19 - Microeconomics - - Household Behavior - - - Other
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy

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