We discuss the most popular static and dynamic models of household behavior. Our main
objective is to explain which aspects of household decisions different models can account …

Revealed preferences are tastes that rationalize an economic agent's observed actions.
Normative preferences represent the agent's actual interests. It sometimes makes sense to …

Evidence from several countries reveals a substantial drop in household consumption
around the age of retirement that is difficult to explain with life-cycle models. Using food …

We describe the pension plan features of the states and the largest cities and counties in the
US Unlike in the private sector, defined benefit (DB) pensions are still the norm in the public …

I ndividuals engaged in financial planning for retirement have no shortage of resources
available to provide guidance on how much to save and how to invest those savings. If one …

Household collective models celebrate their thirtieth birthday. The collective approach
constitutes, perhaps, the microeconomics topic that has produced the largest number of …

We use a randomized field experiment to estimate the effect of having a United States bank
account on Mexican migrants' savings and remittances. With support from the Mexican …

We provide evidence that individuals optimize imperfectly when making annuity decisions,
and this result is not driven by loss aversion. Life annuities are more attractive when …

Abstract Using the Panel Study of Income Dynamics, we provide evidence that to
understand household decisions and evaluate policies designed to affect individual welfare …

This study examines the correlation between resource protection and the intrahousehold
distribution of bargaining power. Using data from the Health and Retirement Study, the …