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Household Formation, Inequality, and the Macroeconomy

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  • Raquel Fernández

    (New York University, CEPR, and NBER,)

Abstract

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.

Suggested Citation

  • Raquel Fernández, 2003. "Household Formation, Inequality, and the Macroeconomy," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 683-697, 04/05.
  • Handle: RePEc:tpr:jeurec:v:1:y:2003:i:2-3:p:683-697
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    Cited by:

    1. Abhijit Banerjee & Esther Duflo & Maitreesh Ghatak & Jeanne Lafortune, 2013. "Marry for What? Caste and Mate Selection in Modern India," American Economic Journal: Microeconomics, American Economic Association, vol. 5(2), pages 33-72, May.
    2. Du, Julan & Wang, Yongqin & Zhang, Yan, 2015. "Sex imbalance, marital matching and intra-household bargaining: Evidence from China," China Economic Review, Elsevier, vol. 35(C), pages 197-218.

    More about this item

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I2 - Health, Education, and Welfare - - Education
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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