Allocation of Income Within the Household / Edition 1

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Overview


Allocation of Income within the Household develops an important new economic model of income distribution within the family, one that attempts to determine which family characteristics affect spending patterns. Professors Lazear and Michael base their work on an analysis of the 1972-73 Consumer Expenditure Survey and test their conclusions against the 1960-61 survey to verify the persistence of the effects discovered. They find, for example, that the average household spends $38 per child for every $100 spent per adult and that the level of relative and absolute expenditure on the child rises with the level of education of the head of the household.

Lazear and Michael also explore the implications their study may hold for the process of determining child support payments in households that dissolve. They argue that, unless the spending of every dollar can be monitored, alimony cannot be disentangled from child support. They also develop several criteria by which income might be distributed among family members, and, using one of those criteria, they present a series of tables that suggest the appropriate payment from one parent to another given family size, structure, and income level. Their model is particularly useful because it takes account of the ways other family members who were not part of the original household may contribute income to the new household. Other issues considered include the appropriate way to deal with children with special needs and the timing of transfer payments.

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Editorial Reviews

Booknews
To provide a framework for the development of an economic model of income distribution within the family, the authors analyze recent Consumer Expenditure Survey data to determine which family characteristics affect spending patterns. A full chapter is devoted to the study of child support payments in households that dissolve. An important new economic model. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780226469669
  • Publisher: University of Chicago Press
  • Publication date: 7/28/1988
  • Series: Heritage of Sociology Ser.
  • Edition description: 1
  • Edition number: 1
  • Pages: 228
  • Product dimensions: 6.24 (w) x 9.32 (h) x 0.81 (d)

Meet the Author


Edward P. Lazear is the Isidore and Gladys J. Brown Professor of Urban and Labor Economics in the Graduate School of Business at the University of Chicago, senior fellow at the Hoover Institution, and editor of the Journal of Labor Economics. Robert T. Michael is professor in the Department of Education and the College at the University of Chicago and director of the National Opinion Research Center.
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Table of Contents


Acknowledgments
1. Introduction
2. The Limitations of Existing Economic Literature
3. Descriptive Evidence from Spending Patterns
4. Benchmark Models and Their Empirical Application
5. The Division of Income between Adults and Children: Evidence from the 1972-73 Consumer Expenditure Survey
6. The Division of Income between Adults and Children: Evidence from the 1960-61 Consumer Expenditure Survey
7. Recalculating the Personal Distribution of Income
8. Guidelines for Alimony and Child Support
9. Implications and Directions for Future Research
References
Index
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