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. Yet the family (and decision-making in families) is typically ignored in macroeconomic models. In this chapter, we argue … that family economics should be an integral part of macroeconomics, and that accounting for the family leads to new answers … fluctuations, and argue that changes in family structure in recent decades have important repercussions for the determination of …
Persistent link: https://www.econbiz.de/10012456606
This paper analyzes the intertemporal efficiency and optimality of steady states within overlapping-generations models in which the utility of individual working couples , depends on the consumption of their parents and children as well as their own consumption. The analysis considers both a...
Persistent link: https://www.econbiz.de/10012478423
Between-family differences in expenditures and output reflect the effect of simultaneous increases in children …'s ability on the willingness of parents to transfer resources to them. Within-family differences also reflect the attitudes of … whether between-family differences exceed within-family differences. For an additive utility, within-family differences in …
Persistent link: https://www.econbiz.de/10012478742
This paper examines the appropriate tax treatment of the family in a series of analytical models and numerical examples … analysis, the optimal tax rates on secondary workers in the family are much lower than those on primary earners. Indeed, our …
Persistent link: https://www.econbiz.de/10012478780
The household production model provides a useful theoretical framework in which one may analyze family labor supply … issues. In this model, the family is viewed as if it were a small firm producing its ultimate wants within the household. In … order to satisfy these wants, the family (firm) combines purchased market goods and services with the time of various family …
Persistent link: https://www.econbiz.de/10012479120
While a large literature is interested in the relationship between family and labor supply outcomes, little is known … in beliefs about how future family outcomes are related to future labor supply. Methodological contributions come from an … longitudinal data, can potentially help address endogeneity issues arising in the estimation of the causal effect of family on …
Persistent link: https://www.econbiz.de/10012480279
We develop a model of the household where investments in public goods can be made at the cost of future earnings. If couples cannot commit ex ante to a sufficiently equal post-divorce allocation, specialization and public goods' creation will be sub-optimal. However, investing in joint assets,...
Persistent link: https://www.econbiz.de/10012481793
are more likely to have met their husbands outside of family networks, they are less likely to get forced into marriage … against their consent, and they are less likely to agree that only a son can ensure the continuation of the family blood line …
Persistent link: https://www.econbiz.de/10012482431
Income tax burdens on family units are adjusted to reflect differences in ability to pay attributable to whether the … exists over the appropriate forms of adjustment, and existing approaches to taxation of the family vary greatly across … jurisdictions. This article derives equitable relative tax burdens for different family configurations from a utilitarian welfare …
Persistent link: https://www.econbiz.de/10012474778
family members. Drawing on theoretical models of collective decision-making, we use extremely rich data from Indonesia to … establish that child health- and education-related human capital outcomes are affected by resources of extended family members … who co-reside with the child and those who are not co-resident. Extended family members are not completely altruistic but …
Persistent link: https://www.econbiz.de/10012457964