MACROECONOMICS. Matthias Doepke. University of Chicago. Andreas Lehnert. Board of Governors of the. Federal. Much of macroeconomics is concerned with the allocation of physical capital, human Doepke and Kindermann, w Bargaining over Babies: Theory. Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren – free book at E-Books Directory. You can download the book or read it online.
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Prof. Matthias Doepke, The Family in Macroeconomics
By using a dominant unit of account, agents can lower their exposure to mcroeconomics price risk, avoid costly default, and create more total surplus. Institutions such as the family, the clan, the guild, and the market organize who learns from whom.
The main winners are young, middle-class households with fixed-rate mortgage debt.
The key to implementing these extensions is to introduce multiple layers of off-path utility bounds. We conclude with an analysis of the role of the family as a driver of political and institutional change. The economic theory of depke choice builds predominantly on the unitary model of the household, in macroecoonmics there is a single household utility function and potential intra-household disagreement is abstracted from.
Gary Becker on the Quantity and Quality of Children. Townsend Journal of Economic Theory 1, January Yet, depending on the nature of the production function, targeting transfers to women may be beneficial or harmful to growth. We focus on two sources of asymmetries: There is a small transaction cost for moving funds between the accounts. We argue that even though the laissez-faire equilibrium may be inefficient, doepkw are usually better policies to cure these inefficiencies than the imposition of a child-labor ban.
Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren – Download link
Principles of Macroeconomics by Libby Rittenberg, Timothy Tregarthen – Flat World Knowledge The authors teach economics as the study of choice by providing students with mxcroeconomics accessible, straightforward overview of mactoeconomics.
Exploitation is defined relative to a specific social welfare function. We develop a new theoretical link between inequality and growth. The model is used to determine whether government policies that affect the opportunity cost of education can account for cross-country variations in fertility decline. I argue that this welfare function best captures the conventional concept of exploitation and has useful properties for informing political choices regarding child labor.
Matthias Doepke | IZA – Institute of Labor Economics
Transfers to women are more likely to be beneficial when human capital, rather than physical capital or land, is the most important factor of production. Clans, Guilds, and Markets: In this paper, we discuss research on the long-run implications of such policies.
This paper reviews Gary Becker’s contributions to the economic analysis of fertility, from his paper introducing the quantity-quality tradeoff to later work linking the economics of fertility to the theory of economic growth. Is International Activism the Solution or the Problem? The growth rate of the economy depends on the fraction of the population choosing an entrepreneurial career.
Annual Review of EconomicsJuly The paper November Macroeconomivs this paper we investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. A discussion in Chicago Magazine by Whet Moser: We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor-force participation decisions.
Working paper version December Colonieswith Andrea Eisfeldt January We develop mscroeconomics theory that rationalizes the use macroeconmics a dominant unit of account in an economy.
Different parenting styles authoritarian, authoritative, and permissive emerge as equilibrium outcomes, and are affected both by parental preferences and by the socioeconomic environment.
We develop general recursive methods to solve for optimal contracts in dynamic principal-agent environments depke hidden states and hidden actions. The Stochastic Growth Model by Koen Vermeylen – BookBoon This text presents the stochastic growth model, a stochastic version of the neoclassical growth model with microfoundations, and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research.
Review of Economic StudiesJuly In recent years, support has been growing among rich-country governments and consumer groups for the use of trade policies, such as product boycotts and the imposition of international labor standards, to reduce child labor in poor countries. One of the key social transformations that accompanied the Industrial Revolution was the economic decline of the aristocracy.
Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren
Inflation, Redistribution, Monetary Policy, Housing. In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita.
The theory can account for the observation that in Britain regulations were first introduced after a period of rising wage inequality, and coincided with rapid fertility decline.
This study quantitatively assesses the effects of inflation through changes in the value of nominal assets. This book helps students to understand how real individuals actually work with economics.
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. Northwestern University Department of Economics. Matthias DoepkeFabian Kindermann. Given this finding, we investigate the potential political-economic reasons behind the emergence and persistence of child-labor legislation.
The paper partly supersedes an earlier paper entitled “Inflation as a Redistribution Shock: