Prof. Matthias Doepke, The Family in Macroeconomics
The Family in Macroeconomics 1011.4550.01
The course covers current research at the intersection of macroeconomics and family economics. Many of the household decisions that are central to aggregate outcomes, such as labor supply, savings, and fertility, are made within families, yet most macro models abstract from the inner workings of the family and build on unitary, representative households. The course covers research that shows that taking account of the family can give new and improved answers for central macroeconomic questions. Specific topics covered are dynamic bargaining under commitment and information constraints in the family; bargaining over fertility decisions; and the link between parenting decisions and the evolution of macroeconomic inequality.