Public Economics and the Household by Patricia Apps, Paperback, 9780521716284 | Buy online at The Nile
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Public Economics and the Household

Author: Patricia Apps and Ray Rees  

This graduate-level text develops a more sophisticated model of household economics that allows for multiple-income earners and shared decision-making.

Economic models in much of the public economics literature have been slow to reflect the significant changes towards double-income households throughout the developed world. This graduate-level text shows how we can develop a more sophisticated model of household economics that allows for multiple income earners and shared decision-making.

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Summary

This graduate-level text develops a more sophisticated model of household economics that allows for multiple-income earners and shared decision-making.

Economic models in much of the public economics literature have been slow to reflect the significant changes towards double-income households throughout the developed world. This graduate-level text shows how we can develop a more sophisticated model of household economics that allows for multiple income earners and shared decision-making.

Read more

Description

Economic models in much of the public economics literature have been slow to reflect the significant changes towards double-income households throughout the developed world. This graduate-level text develops a more sophisticated approach to household economics, one that allows for multiple-income earners and shared decision-making. This approach is used to present a fundamentally new view of consumption. It then applies this to an analysis of tax systems, combining theoretical analysis of optimal taxation and tax reform with careful empirical study of the characteristics of income tax systems in four different countries: Australia, Germany, the UK and the USA. The book is particularly concerned with analysing, both theoretically and empirically, the impact of taxation on female labour supply, and identifying its effects on work incentives and fairness of income distribution. All this adds up to a fascinating new approach to the economics of household for researchers in both public and private sectors.

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Critic Reviews

“'How economists think about how households make decisions has come a long way in the last 30 years. Now economics is well placed to address a range of important policy issues that, previously, it was sadly ill equipped to analyse sensibly. Apps and Rees have, in no small measure, been responsible for bringing household decision-making in from the cold. The authors have synthesised, clarified and built on their long and productive collaboration to produce both a concise monograph for experts in the field and a textbook for students wanting to enter it. There are also important lessons here for policymakers - the simplistic models of behaviour and welfare that have driven policy initiatives in many countries, when viewed from the perspective offered by Apps and Rees, may be perverse and counterproductive. This is not a book whose time has come - this is a book that is long overdue.' Ian Walker, Professor of Economics, Lancaster University Management School”

'Most of economic theory assumes that human beings spend their life alone. In reality most of us live in families and our decisions are taken collectively as a couple, often with children, and economic incentives are at play as well in intra-family interactions. This wonderful book by two leaders of the field fills this gap. It brings together a vast literature in a coherent framework and provides a host of new insights on the economics of the family and the taxation of it. A must read for any scholar in public finance and anybody interested in the economics of the family. The book is mostly theory but the connection with real world tax issues is never forgotten. A splendid achievement.' Alberto Alesina, Harvard University
'How economists think about how households make decisions has come a long way in the last 30 years. Now economics is well placed to address a range of important policy issues that, previously, it was sadly ill equipped to analyse sensibly. Apps and Rees have, in no small measure, been responsible for bringing household decision-making in from the cold. The authors have synthesised, clarified and built on their long and productive collaboration to produce both a concise monograph for experts in the field and a textbook for students wanting to enter it. There are also important lessons here for policymakers - the simplistic models of behaviour and welfare that have driven policy initiatives in many countries, when viewed from the perspective offered by Apps and Rees, may be perverse and counterproductive. This is not a book whose time has come - this is a book that is long overdue.' Ian Walker, Lancaster University Management School
'This well-written book presents an enlightening survey of the literature and backs up the theoretical analysis with new and interesting empirical work. It is a strong demonstration of the power of microeconomic theory and public economics to illuminate important issues of public policy. Public economists and their graduate students will find much to inspire them in this book.' Agnar Sandmo, Norwegian School of Economics and Business Administration (NHH)

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About the Author

Patricia Apps is Professor of Public Economics at the University of Sydney. Ray Rees is Professor of Economics at the University of Munich.

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More on this Book

L'architecture est le vieux nom de la technique. Palais, jardins et hotels, villes, chateaux et forteresses de l'age humaniste et classique ne sont pas seulement des uvres d'art, mais aussi des machines qui soutinrent la puissance des vieux empires, epargnerent le temps et la force des hommes, et favoriserent le regne d'une economie faite de beaute, de parcimonie et d'art de vivre, ce qu'on appelle Decor. Mais machines o combien etranges, depourvues de rouages et de mecanismes, vides comme une coquille de noix! C'est a la constitution de ce paradigme poietique et technique bien eloigne de ce que nous entendons habituellement sous le nom de technique, et a la comprehension du fonctionnement mysterieux et discret de ces machines que se consacre cet ouvrage.

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Product Details

Publisher
Cambridge University Press
Published
5th March 2009
Pages
302
ISBN
9780521716284

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