Affiliation:
1. Columbia University, Department of Economics.
2. University of California at Los Angeles, Department of Economics.
Abstract
We discuss the most popular static and dynamic models of household behavior. Our main objective is to explain which aspects of household decisions different models can account for. Using this insight, we describe testable implications, identification results, and estimation findings obtained in the literature. Particular attention is given to the ability of different models to answer various types of policy questions. (JEL D11, D13, D15, I38)
Publisher
American Economic Association
Subject
Economics and Econometrics
Cited by
105 articles.
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