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Description

The family is a complex decision unit in which partners with potentially different objectives make consumption, work, and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern, and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce, and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.
  • ISBN13: 9780521795395
  • Publisher: Cambridge University Press
  • Pubilcation Year: 2014
  • Format: Paperback
  • Pages: 00510
Specifications
FormatPaperback
SeriesCambridge Surveys of Economic Literature
Publication DateJune 5, 2014
Pages510

Economics of the Family

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