Economics of the Household
Module Code: EC7025
- ECTS Credit: 5
- Mandatory/Optional: Optional
- Module Coordinator: Prof Alejandra Ramos
Aims of Module
The module aims to introduce students to the economics of the household through a gender perspective. It presents the basic models of house households are formed and how they consumption, fertility, and labour supply decision. The module also present the effects of gender pay gap before, during and after employment spells.
The module will be delivered through a combination of lectures (8 hours) and tutorials (3 hours).
On completion of the course, students should be able to:
- Understand the main theoretical models of the household.
- Understand the nature of the identification restrictions for the estimation the models of the household.
- Model simple problem of household decision making and acknowledge the data requirement for estimating them.
- Marriage market,
- Intrahousehold bargaining and divorce,
- Childcare and female labour,
- Parenting styles,
- Gender gap: education, productivity, and wages.*
Browning, M., Chiappori, P. A., & Weiss, Y. (2014). Economics of the Family. Cambridge University Press.
Chiappori, P. A. (2017). Matching with transfers: The economics of love and marriage. Princeton University Press.
Doepke, M., & Zilibotti, F. (2019). Love, money, and parenting: How economics explains the way we raise our kids. Princeton University Press. Additional readings will be drawn from a selection of academic papers and assigned during the term.
- 40% paper reports
- 60% final exam