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Economics of the Family

$63.99 (P)

Part of Cambridge Surveys of Economic Literature

  • Date Published: June 2014
  • availability: Available
  • format: Paperback
  • isbn: 9780521795395

$ 63.99 (P)

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About the Authors
  • The family is a complex decision unit in which partners with potentially different objectives make consumption, work, and fertility decisions. Couples marry and divorce partly based on their ability to coordinate these activities, which in turn depends on how well they are matched. This book provides a comprehensive, modern, and self-contained account of the research in the growing area of family economics. The first half of the book develops several alternative models of family decision making. Particular attention is paid to the collective model and its testable implications. The second half discusses household formation and dissolution and who marries whom. Matching models with and without frictions are analyzed and the important role of within-family transfers is explained. The implications for marriage, divorce, and fertility are discussed. The book is intended for graduate students in economics and for researchers in other fields interested in the economic approach to the family.

    • Comprehensive and accessible to multiple social sciences disciplines
    • Takes the reader to the frontiers of the current literature on family economics in one self-contained text
    • Emphasizes the link between macro outcomes and individual outcomes
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    Reviews & endorsements

    "This very fine book by three prominent economists - Browning at Oxford, Chiappori at Columbia, and Weiss at Tel Aviv - will provide an invaluable tool not only to population economists but also to labour economists (especially those with an interest in explaining the gender gap) and all economists with an interest in inequality and household consumption (which is to say, almost all economists)."
    Canadian Studies in Population

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    Product details

    • Date Published: June 2014
    • format: Paperback
    • isbn: 9780521795395
    • length: 510 pages
    • dimensions: 229 x 152 x 29 mm
    • weight: 0.74kg
    • contains: 86 b/w illus. 32 tables
    • availability: Available
  • Table of Contents

    Part I. Models of Household Behavior:
    1. Facts
    2. The gains from marriage
    3. Preferences and decision making
    4. The collective model: a formal analysis
    5. Empirical issues for the collective model
    6. Uncertainty and dynamics in the collective model
    Part II. Equilibrium Models of the Marriage Market:
    7. Matching on the marriage market: theory
    8. Sharing the gains from marriage
    9. Investment in schooling and the marriage market
    10. An equilibrium model of marriage, fertility, and divorce
    11. Children and family structure.

  • Authors

    Martin Browning, University of Oxford
    Martin Browning is Professor of Economics at the University of Oxford and the Director for the Center for Applied Microeconometrics in Copenhagen. He is a fellow of the Econometric Society, the European Economic Association, and the British Academy. Professor Browning was awarded the John Rae Prize in 1996.

    Pierre-André Chiappori, Columbia University, New York
    Pierre-André Chiappori is E. Rowan and Barbara Steinschneider Professor of Economics at Columbia University. He is a fellow of the Econometric Society, the European Economic Association, and the Society of Labor Economists. Professor Chiappori was awarded the Grand Prix Zerilli Marimo de l'Académie des sciences morales et politiques in 2010.

    Yoram Weiss, Tel-Aviv University
    Yoram Weiss is Professor Emeritus at Tel Aviv University. He is a former president of the Society of Labor Economists (2008) and a winner of the Mincer Prize for lifetime contributions to the field of labor economics (2009). Professor Weiss was editor of the Journal of Labor Economics from 1993 to 2005.

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