G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11168
DP11168 Families in Macroeconomics
Michele Tertilt; Matthias Doepke
发表日期2016-03-15
出版年2016
语种英语
摘要Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is typically ignored in macroeconomic models. In this chapter, we argue that family economics should be an integral part of macroeconomics, and that accounting for the family leads to new answers to classic macro questions. Our discussion is organized around three themes. We start by focusing on short and medium run fluctuations, and argue that changes in family structure in recent decades have important repercussions for the determination of aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for understanding differences between rich and poor countries and for the determinants of long-run development. We conclude with an analysis of the role of the family as a driver of political and institutional change.
主题Development Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations
关键词Family economics Macroeconomics Business cycles Growth Households Fertility Labor supply Human capital Gender
URLhttps://cepr.org/publications/dp11168
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/539985
推荐引用方式
GB/T 7714
Michele Tertilt,Matthias Doepke. DP11168 Families in Macroeconomics. 2016.
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