This paper studies how land reform and population growth affect land inequality, incorporating indirect effects owing to their influence on household divisions and land market transactions. An intra-household model of joint production explains how divisions and land transactions emerge to avoid inefficient free-riding, and how they are affected by land reform and growth in household size. These...

We empirically examine the asset pricing implications of the Beckerian framework of household production, where utility is derived from both market consumption and home produced goods. We propose residential electricity usage as a real-time proxy for the service flow from household capital, as electricity is used in most modern-day household production activities and it cannot be easily stored....

The chapter focuses on household production theory and models for non-agricultural households, largely in developed countries. The objectives of the paper are: (1) to present several types of microeconomic models of household decision making and highlight their implications for empirical food demand studies and (2) to presents an empirical application of insights gained from household productio...

Recent discussions on the household production of health focus on how health and illness are produced in the household. New economic models of the household view it as a site where both production and consumption take place; neo-Marxist refinements have demonstrated that the household may also be characterized by conflicting interests, which often involve gender and age inequalities. This type ...

This paper provides a quantitative assessment of the theoretical explanation for the rise in the service share in the U.S. posited by Buera and Kaboski (2012a,b). By extending their single household model to a two-person household model, we incorporate a joint household decision on home and market production into the model, which provides a direct link between female labor supply and the growth...