CORDIS Project
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FEMPOWER explores the dynamics of household decision-making, particularly focusing on female bargaining power. By analyzing data from various OECD countries, it aims to develop models that account for inefficient behaviors in family decision-making contexts.
Dominant economic models of household decision-making assume a utopian scenario characterised by cooperation, commitment, and efficiency.
While elegant and tractable, a range of common family behaviours fall outside the scope of these frameworks limiting our understanding of households as economic units and their role in helping individuals insure against shocks.
Furthermore, the policy prescriptions implied by the standard models can result in harmful unintended consequences if implemented in c…
THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD
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