Abstract
This paper examines how family structure can influence the macroeconomy. It uses a simple model where the key features are taken as exogenous and shows that the sorting of individuals into families can have important quantitative effects on human capital formation, inequality and income. It then discusses how these features can be endogenized and suggests avenues for future research.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 683-697 |
| Number of pages | 15 |
| Journal | Journal of the European Economic Association |
| Volume | 1 |
| Issue number | 2-3 |
| DOIs | |
| State | Published - 2003 |
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)