We study the determinants of intra-household decision-making responsibility over economic and financial choices using a direct measure provided in the 1989–2010 Bank of Italy Survey of Household Income and Wealth. We find that the probability that the wife is responsible for decisions increases as the wife’s characteristics in terms of age, education and income become closer or even higher than those of her husband’s. Thus, consistently with a bargaining approach, decision-making responsibility is associated with marriage heterogamy, and not only along strictly economic dimensions. However, in support of an alternative household production approach, we also find that the probability that the wife is responsible is lower when she is employed, which suggests the presence of a specialization pattern assigning responsibility to the spouse with more available time. Our results are robust to additional controls and alternative samples.

Bertocchi, G., Brunetti, M., Torricelli, C. (2014). Who holds the purse strings within the household? The determinants of intra-family decision making. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 101, 65-86 [10.1016/j.jebo.2014.02.012].

Who holds the purse strings within the household? The determinants of intra-family decision making

BRUNETTI, MARIANNA;
2014-02-23

Abstract

We study the determinants of intra-household decision-making responsibility over economic and financial choices using a direct measure provided in the 1989–2010 Bank of Italy Survey of Household Income and Wealth. We find that the probability that the wife is responsible for decisions increases as the wife’s characteristics in terms of age, education and income become closer or even higher than those of her husband’s. Thus, consistently with a bargaining approach, decision-making responsibility is associated with marriage heterogamy, and not only along strictly economic dimensions. However, in support of an alternative household production approach, we also find that the probability that the wife is responsible is lower when she is employed, which suggests the presence of a specialization pattern assigning responsibility to the spouse with more available time. Our results are robust to additional controls and alternative samples.
23-feb-2014
Pubblicato
Rilevanza internazionale
Articolo
Esperti anonimi
Settore SECS-S/03 - STATISTICA ECONOMICA
English
Con Impact Factor ISI
family economics; intra-household decision making; gender differences; financial choices
Bertocchi, G., Brunetti, M., Torricelli, C. (2014). Who holds the purse strings within the household? The determinants of intra-family decision making. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 101, 65-86 [10.1016/j.jebo.2014.02.012].
Bertocchi, G; Brunetti, M; Torricelli, C
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/86109
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