This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. Journals
  3. Journal of Economic Literature
  4. September 2017
  5. Static and Intertemporal Household Decisions

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

Static and Intertemporal Household Decisions

  • Pierre-Andre Chiappori
  • Maurizio Mazzocco
Journal of Economic Literature
vol. 55, no. 3, September 2017
(pp. 985–1045)
Download Full Text PDF

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.

Citation

Chiappori, Pierre-Andre, and Maurizio Mazzocco. 2017. "Static and Intertemporal Household Decisions." Journal of Economic Literature, 55 (3): 985–1045. DOI: 10.1257/jel.20150715

Additional Materials

JEL Classification

  • D11 Consumer Economics: Theory
  • D13 Household Production and Intrahousehold Allocation
  • D15 Intertemporal Household Choice; Life Cycle Models and Saving
  • I38 Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs