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Static and Intertemporal Household Decisions

Pierre-André Chiappori¹; Maurizio Mazzocco²

¹ Columbia University, Department of Economics. · ² University of California at Los Angeles, Department of Economics.

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.

DOI

10.1257/jel.20150715

Volume

55 (3)

Pages

985-1045

Language

en

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BibTeX

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