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.
Journal of economic literature. 2017 Sep;55(3):985-1045. doi: 10.1257/jel.20150715 Q111.52024
Static and Intertemporal Household Decisions
家庭经济的静态与时间决策分析 翻译改进
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DOI: 10.1257/jel.20150715 PMID: 29456263
摘要 Ai翻译
Keywords:static decisions