Household Dynamics: Economic Growth and Policy uniquely integrates dynamic decision making by households, the collective implications of those decisions for economic growth and inequality, and their consequences for policy. Written by a prominent author in the field, Household Dynamics develops intertemporal models of consumption, saving, human capital accumulation, investments in children, intergenerational transfers, division of labor, and fertility. The implications of these models are then assessed intuitively-without econometrics-in terms of the empirical literature. This...

Household Dynamics: Economic Growth and Policy uniquely integrates dynamic decision making by households, the collective implications of those decisions for economic growth and inequality, and their consequences for policy. Written by a prominent author in the field, Household Dynamics develops intertemporal models of consumption, saving, human capital accumulation, investments in children, intergenerational transfers, division of labor, and fertility. The implications of these models are then assessed intuitively-without econometrics-in terms of the empirical literature. This...