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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11168 |
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 |
URL | https://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. |
条目包含的文件 | 条目无相关文件。 |
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