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Journal article

Consumption and Children.

Abstract:

Consumption by couples rises sharply in the beginning and falls later in life; the causes of the early rise are hotly contested. Among the suggestions are rule of thumb behavior, demographics, liquidity constraints, the precautionary motive, and nonseparabilities between consumption and labor supply. We develop two tests of the extreme hypothesis that only changes in family structure matter. We estimate effects of the numbers and ages of children on consumption. These estimates allow us to ra...

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Publisher copy:
10.1162/rest.91.1.93

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Journal:
Review of Economics and Statistics
Volume:
91
Issue:
1
Publication date:
2009-01-01
DOI:
URN:
uuid:1745553a-7c0a-4728-9a96-9686616b86f8
Local pid:
oai:economics.ouls.ox.ac.uk:14608
Language:
English

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