" familial ties (e.g. a nuclear family household) achieve near Pareto efficient allocation of productive resources and Pareto … efficient allocation of consumption while households with "weaker" familial ties (e.g. an extended family household) do not. We …

. Yet the family (and decision making in families) is typically ignored in macroeconomic models. In this chapter, we argue … that family economics should be an integral part of macroeconomics and that accounting for the family leads to new answers …-run fluctuations and argue that changes in family structure in recent decades have important repercussions for the determination of …

This note explores the problem of family labor supply decision in an economy with two-member households, joint home …