Static and Intertemporal Household Decisions†

Static and Intertemporal Household Decisions† AbstractWe 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) http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Literature American Economic Association

Static and Intertemporal Household Decisions†

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Publisher
American Economic Association
Copyright
Copyright © 2017 © American Economic Association
ISSN
0022-0515
D.O.I.
10.1257/jel.20150715
Publisher site
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Abstract

AbstractWe 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)

Journal

Journal of Economic LiteratureAmerican Economic Association

Published: Sep 1, 2017

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