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Static and Intertemporal Household Decisions

Journal of economic literature, 2017-09, Vol.55 (3), p.985-1045 [Peer Reviewed Journal]

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Title:
Static and Intertemporal Household Decisions
Author: Chiappori, Pierre-Andre ; Mazzocco, Maurizio
Subjects: Divorce ; Dynamic models ; Economic models ; Family income ; Household consumption ; Households ; Labor supply ; Personal finance ; Public goods ; Recreation ; Spouses ; Static modeling ; Utility functions
Is Part Of: Journal of economic literature, 2017-09, Vol.55 (3), p.985-1045
Description: We discuss the most popular static and dynamic models of household behavior. Our main objective is to explain which aspects of household decisions different models can account for. Using this insight, we describe testable implications, identification results, and estimation findings obtained in the literature. Particular attention is given to the ability of different models to answer various types of policy questions.
Publisher: United States: American Economic Association
Language: English
Identifier: ISSN: 0022-0515
EISSN: 2328-8175
DOI: 10.1257/jel.20150715
PMID: 29456263
Source: AUTh Library subscriptions: ProQuest Central

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