Pareto Efficiency is a core assumption of most models of household decision-making. We test this assumption using a new … reject household efficiency in developed countries, we find evidence of widespread inefficiency in our setting: retirement … commitment correlate with the incidence of inefficient allocations …

-making processes across households (the "why"). The combination of the quantitative estimation of household response dynamics with a … qualitative exploration of the mental models employed during financial decisions provides a more complete view of household … showing significant variability. However, MPDs play a critical role in household financial adjustments and display …

We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …

sharing is endogenously constrained by one-sided limited commitment. Households can trade a full set of contingent claims that … pay off depending on both idiosyncratic and aggregate risk, but limited commitment rules out that households sell these …

---we call this the intra-household sunk cost effect. These dynamics have important implications for women's well-being as well …We study the dynamic relationship between women's intra-household reputation and investment decisions. We consider … household investments delegated to the wife in settings where wives perceived to be savvy investors by their husbands are …