Household Formation, Inequality, and the Macroeconomy
This paper examines how family structure can influence the macroeconomy. It uses a simple model where the key features are taken as exogenous and shows that the sorting of individuals into families can have important quantitative effects on human capital formation, inequality and income. It then discusses how these features can be endogenized and suggests avenues for future research. (JEL: D10, D31, I2, J12) Copyright (c) 2003 The European Economic Association.
Volume (Year): 1 (2003)
Issue (Month): 2-3 (04/05)
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