Static and Intertemporal Household Decisions
梳理了家庭行为的静态与动态模型,解释各模型能解释哪些决策方面,并总结可检验含义、识别结果和估计发现,尤其关注模型回答政策问题的能力。
We discuss the most popular static and dynamic models of household behavior. Our main objective is to explain which aspects of household decisions different models can account for. Using this insight, we describe testable implications, identification results, and estimation findings obtained in the literature. Particular attention is given to the ability of different models to answer various types of policy questions.