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Static and Intertemporal Household Decisions

Author

Listed:
  • Pierre-Andre Chiappori
  • Maurizio Mazzocco

Abstract

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.

Suggested Citation

  • Pierre-Andre Chiappori & Maurizio Mazzocco, 2017. "Static and Intertemporal Household Decisions," Journal of Economic Literature, American Economic Association, vol. 55(3), pages 985-1045, September.
  • Handle: RePEc:aea:jeclit:v:55:y:2017:i:3:p:985-1045
    Note: DOI: 10.1257/jel.20150715
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    Citations

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    Cited by:

    1. Richard Blundell & Luigi Pistaferri & Itay Saporta-Eksten, 2018. "Children, Time Allocation, and Consumption Insurance," Journal of Political Economy, University of Chicago Press, vol. 126(S1), pages 73-115.
    2. Andrew Shephard, 2019. "Marriage market dynamics, gender, and the age gap," PIER Working Paper Archive 19-003, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    3. Oumar Mbodji & Adrien Nguyen Huu & Traian A. Pirvu, 2019. "Optimal Sharing Rule for a Household with a Portfolio Management Problem," CEE-M Working Papers hal-00940233, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
    4. Donni, Olivier & Molina, José Alberto, 2018. "Household Collective Models: Three Decades of Theoretical Contributions and Empirical Evidence," IZA Discussion Papers 11915, Institute of Labor Economics (IZA).
    5. repec:eee:jeborg:v:154:y:2018:i:c:p:1-23 is not listed on IDEAS
    6. Klein, Matthew J. & Barham, Bradford L., 2018. "Point Estimates of Household Bargaining Power Using Outside Options," Staff Paper Series 590, University of Wisconsin, Agricultural and Applied Economics.
    7. repec:red:issued:18-240 is not listed on IDEAS
    8. Haomin Wang, 2019. "Intra-Household Risk Sharing and Job Search over the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 165-182, October.
    9. Thomas Demuynck & Tom Potoms, 2018. "Weakening Transferable Utility: the Case of Non-intersecting Pareto Curves," Working Papers ECARES 2018-17, ULB -- Universite Libre de Bruxelles.
    10. Lucía Echeverria & Martina Menon & Federico Perali & Miriam Berges, 2019. "Intra-Household Inequality and Child Welfare in Argentina," CEDLAS, Working Papers 0241, CEDLAS, Universidad Nacional de La Plata.
    11. repec:kap:empiri:v:46:y:2019:i:1:d:10.1007_s10663-018-9426-6 is not listed on IDEAS
    12. repec:eee:deveco:v:134:y:2018:i:c:p:428-442 is not listed on IDEAS
    13. THELOUDIS Alexandros, 2018. "Wages and Family Time Allocation," LISER Working Paper Series 2018-06, LISER.
    14. Chiappori, Pierre-André & Molina, José Alberto & Gimenez-Nadal, J. Ignacio & Velilla, Jorge, 2019. "Intertemporal Labor Supply and Intra-Household Commitment," IZA Discussion Papers 12353, Institute of Labor Economics (IZA).

    More about this item

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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