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Family Time
In this volume, leading internatinal experts in the analysis of time use explore the interface between time use and family policy. They show how social institutions limit the choices that individuals can make about how to divide their time.
The Secret Life of Cities
Contemporary urbanisation has two faces: global flows of people, money and information, and that of localised social and economic disparities. Recent research has focused on the headlines of global cities as control centres of the world economy, and social and economic shock waves that have raged through cities and regions, but less attention has been paid to the secret life of cities, and the changing nature of everyday life in the wake of such changes.This book challenges current research and policy agendas recommending spatial concentration and relocation as a solution to the problems of environmental sustainability and social dislocation. Instead, this book highlights the key linkages be...
Economics and Ethics 1
A presentation of the basic models of the most important economic agents (households, firms, the banking system etc.). The influence of ethics on the decisions of persons is discussed within the context of mutual influences of one person on another. It is shown that this leads to a Markov chain which converges to a final situation which in many cases is independent of the initial conditions. The book helps the reader to understand the interdependence of humanities and economics and how to model this interdependence in economics.
The Psychosocial Interior of the Family
This long-awaited fourth edition has the same goal as the preceding editions: to understand families in terms of the kinds of interaction through which family life is constructed. The changes in the family as an institution have influenced these processes, just as they have influenced the ways we understand and write about them. But even in these "postmodern" circumstances, an underlying premise of the volume is that two partners establish a family because they have selected each other as distinctively meaningful to one another. They will affirm, modify, elaborate, or retreat from various aspects of the relationship through interaction over time and in changing circumstances. This volume con...
Groups and Markets
This monograph studies multi-member households or, more generally, socio-economic groups from a purely theoretical perspective and within a general equilibrium framework, in contrast to a sizeable empirical literature. The approach is based on the belief that households, their composition, decisions and behavior within a competitive market economy deserve thorough examination. The authors set out to link the formation, composition, decision-making, and stability of households. They develop general equilibrium models of pure exchange economies in which households can have several, typically heterogeneous members and act as collective decision-making units on the one hand and as competitive ma...
Institutions, Equilibria and Efficiency
Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such settings is proven under very general preference assumptions. The model is extended to include geographical location choice, a commodity space incorporating manufacturing imprecision and preferences for club-membership, schools and firms. Inefficiencies arising from household externalities or group membership are evaluated. Core equivalence is shown for bargaining economies. The theory of risk aversion is extended and the relation between risk taking and wealth is experimentally investigated. Other topics include determinacy in OLG with cash-in-advance constraints, income distribution and democracy in OLG, learning in OLG and in games, optimal pricing of derivative securities, the impact of heterogeneity at the individual level for aggregate consumption, and adaptive contracting in view of uncertainty.
Census Data Products
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Measurement of intra-household resource control: Exploring the validity of experimental measures
We study the validity of experimental methods designed to measure preferences for intra-household resource control among spouses in Ghana and Uganda. We implement two incentivized tasks; (1) a game that measures willingness to pay to control resources, and (2) private and joint dictator games that measure preferences for resource allocation and the extent to which those preferences are reflected in joint decisions. Behavior in the two tasks is correlated, suggesting that they describe similar underlying latent variables. In Uganda the experimental measures are robustly correlated with a range of household survey measures of resource control and women’s empowerment and suggest that simple private dictator games may be as informative as more sophisticated tasks. In Ghana, the experimental measures are not predictive of survey indicators, suggesting that context may be an important element of whether experimental measures are informative.
International Dimensions of Monetary Policy
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
