marriage ceremony. The literature on coresidential relationships typically assumes that the formal marriage contract offers … relationship that has been “sealed” by marriage. The goal of this paper is to develop a simple dynamic model that can explain the … existence of marriage contract. The model assumes that the only difference between marriage and non-marital cohabitation is the …

bias when these models are used to make predictions for aggregate consumption. In both a theoretical and a quantitative … exercise, we find that economies of scale in consumption inside the household are positively related to the bias introduced by … the single agent approach in predicted consumption profiles over the life-cycle. We also do an external validation …

data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent …" consumption predictions from a model where household size evolves deterministically over the life-cycle and affects individual … preferences for consumption. Using a theoretical model we prove that, under mild conditions, these predictions are different. In …

Although the link between household size and consumption has a strong empirical support, there is no consistent way in … size and composition affect optimal consumption decisions. We provide theoretical results comparing both approaches and …

This paper develops a model of choice between marriage and cohabitation to study the effect of divorce costs on … marriage decision. The paired agents are heterogeneous, the utility is non-transferable, and break up and divorce decisions are … efficiently). The model seeks to reconcile the conflicting empirical evidence on the relationship between marriage rates and …

important determinants of consumption and depressants of saving in Venezuela. … his politic party. This article starts a research work to know about the Venezuelan’s preferences of consumption as well … as the possible causes that diminishes his saving and how distributes his income. The paper shows a descriptive analysis …

consumption/saving decisions of households. Although little empirical work exists in this area, often presenting indirect evidence … model of consumption. Furthermore, we study the differential behaviour, in terms of consumption/saving choices, of couples …, the theory is divided over the effect of family risk over saving and wealth accumulation. By using data from the Italian …

consumption using data from the Panel Study of Income Dynamics. Our method accounts for classical measurement errors in … consumption without parametric assumptions on the distribution of measurement errors. The estimation results support habit … formation in food consumption. Using these estimates, we develop bounds for the expectation of the implied heterogenous …