41835152X

Economics of the family / Martin Browning, University of Oxford, Pierre-André Chiappori, Columbia University, Yoram Weiss, Tel Aviv University

Browning, Martin James,i1946- [Verfasser] ; Chiappori, Pierre-André,i1955- [Verfasser] ; Weiss, Yoram,i1939- [Verfasser]

Cambridge : Cambridge University Press, 2014

Cambridge, UK : Cambridge University Press

1 Online-Ressource (xxi, 486 pages)

Cambridge surveys of economic literature

Title from publisher's bibliographic system (viewed on 05 Oct 2015)

978-1-139-01588-2 ; 978-0-521-79159-5 ; 978-0-521-79539-5

 

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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.