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Household collective models celebrate their thirtieth birthday. The collective approach constitutes, perhaps, the … to some excellent surveys of household collective models (Strauss et al., 2000; Vermeulen, 2002; Donni and Chiappori … papers, the collective framework has been used to provide theoretical results for a number of household issues; for example …
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I investigate consumption smoothing (sensitivity) under a balanced budget rule in Swedish municipalities. In general, I …. I use fiscal indicators - the level of own funds and net operating surplus - as proxies for budget balance boundness …, implying that budget balance plays a role for consumption smoothing behavior. However, consumption sensitivity has decreased in …
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