–
- Code:
- BIZ-LV013
- Field:
- Labor Economics
- Targets:
- Research Master's students PhD students
- Organiser:
- Aalto University
- Instructor:
- Andrew Shephard (KU Leuven and University of Pennsylvania)
- Period:
- Period 1
- Format:
- Participation in teaching
- Method:
- Contact teaching
- Venue:
- Otaniemi campus
- Enrollment:
In case of conflicting information consider the Sisu/MyCourses pages the primary source of information.
Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.
If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.
- To access the course workspace, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your Aalto user ID.
- For more information on how to activate your Aalto user ID and register for a MyCourses course area, click here.
Content
We will discuss theory, empirics, and computational aspects. After reviewing some preliminaries, we will present the Choo and Siow (2006) framework, which provides a simple empirical marriage matching function and estimation of the gains from marriage. This approach provides a black-box approach to household behaviour, in that the gains from marriage are not microfounded. We will then show how explicit models of household decision making can be used to generate values in marriage, and then embed in an empirical matching model. Such models facilitate the joint analysis of policy (e.g. tax policy) on both behaviour within the household and matching patterns. Following our analysis of static equilibirum models, we will consider dynamic equilibrium models of household formation and behaviour, which allow a richer set of phenomonen to be analysed. We will conclude with a discussion of open questions and possible extensions.
Learning outcomes
This short course will cover topics related to labor and household economics. Students will develop familiarity with equilibrium models of household formation, in both static and dynamic settings.