Mazzocco, Maurizio; Ruiz, Claudia; Yamaguchi, Shintaro - In: American Economic Review 104 (2014) 5, pp. 354-59
Using the Panel Study of Income Dynamics, we provide evidence that to understand household decisions and evaluate policies designed to affect individual welfare, it is important to add an intertemporal dimension to the by-now standard static collective models of the household. Specifically, we...