Household Dynamics
Economic Growth and Policy
Published in November 2001
Book
Paperback/Softback
400 pages
978-0-19-512901-4 (ISBN)
Description
Unlike most books that concentrate on the microeconomics of household consumption and saving, Household Dynamics builds on these as the foundations for macroeconomic theory and policy. Written by a prominent author in the field, this book presents a modern approach to the link between micro and macroeconomics.
More details
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Illustrations
num. fig.
numerous line figures
Dimensions
Height: 233 mm
Width: 189 mm
Weight
679 gr
ISBN-13
978-0-19-512901-4 (9780195129014)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Content
Preface Acknowledgments 1: Consumption and Saving, I 1.1 The Basic Model of Intertemporal Choice: 1.2 Empirical Implications of the Basic Model: 1.3 The Role of Future Earnings: An Introduction: 1.4 Policy Applications: 1.5 Summary: 2: Consumption and Saving, II 2.1 More on the Response of Savings to the Interest Rate: 2.2 Uncertain Income and Precautionary Saving: 2.3 Uncertainty About Age at Death: 2.4 Habit Formation: 2.5 Summary: Appendix: Uncertainty and Insurance: 3: Neoclassical Growth Theory 3.1 Steady State Growth in a Neoclassical Growth Model: 3.2 Transitional Growth and the Principle of Transition Dynamics: 3.3 Capital's Share and the Importance of Transitional Growth: 3.4 Development Explaining Accounting: the Cross-Country Distribution of Income: 3.5 Accounting for Growth and Productivity: 3.6 Summary: 4: Intergenerational Fiscal Policy and Capital Accumulation 4.1 Dynamic Efficiency and the Golden Rule: 4.2 Fiscal Policy and Capital Accumulation: 4.3 Increasing the Size of Government: 4.4 Implications of Government Finance: 4.5 Social Security: 4.6 Income Taxation: 4.7 Summary: 5: Intergenerational Financial Transfers 5.1 Theory of Altruistically Motivated Financial Transfers: 5.2 Implications and Evidence: 5.3 Competing Explanations of Transfers: 5.4 The Contribution of Financial Transfers to Aggregate Wealth: 5.5 Policy Applications: 5.6 Summary: 6: Family Investments in Children, Child Earnings, and Economic Growth 6.1 A Model of Human Capital Bequests: 6.2 Empirical Implications and Evidence: 6.3 The Contribution of Education to U.S. Growth from 1870 to 1970: 6.4 Policy Applications: 6.5 Summary: 7: Skill Acquisition, Inequality, and Growth 7.1 Human Capital Accumulation in Adulthood: 7.2 Evaluating the Ben-Porath Model: 7.3 Wage Inequality and Skill-biased Technical Change: 7.4 Human Capital and Economic Growth: 7.5 Taxation and Human Capital Accumulation: 7.6 Summary: 8: The Allocation of time Between Home and Market Over the Life Cycle 8.1 The Demand for Leisure and the Supply of Labor: 8.2 Household Production: 8.3 Market Work, Home Production, and Leisure: 8.4 Increased Female Labor Force participation and Economic Growth: 8.5 Policy Applications: 8.6 Summary: 9: Household Fertility and Economic Growth 9.1 Income and the Quantity and Quality of Children: 9.2 The Value of Women's Time, Work, and Fertility: 9.3 Fertility and Marital Status: 9.4 From Subsistence to Modern Growth: 9.5 Summary: