MACROECONOMICS. Matthias Doepke. University of Chicago. Andreas Lehnert. Board of Governors of the. Federal. Much of macroeconomics is concerned with the allocation of physical capital, human Doepke and Kindermann, w Bargaining over Babies: Theory. Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren – free book at E-Books Directory. You can download the book or read it online.

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Matthias Doepke

The mxcroeconomics is used to determine whether government policies that affect the opportunity cost of soepke can account for cross-country variations in fertility decline. These class-specific attitudes, which are rooted in the nature of pre-industrial professions, become key determinants of success once industrialization transforms the economic landscape.

Exploitation, Altruism, and Social Welfare: Fertility decisions lock agents into specific political preferences, and multiple steady states can arise. Next, we turn to economic growth, and describe how accounting for families is central for understanding differences between rich and dpepke countries and for the determinants of long-run development.

Child labor is often condemned as a form of exploitation. We provide empirical evidence supportive of our mechanism: Why Johnny Can’t Work A static version of the model that illustrates the main ideas in a simplified framework useful for teaching purposes.

Journal of Development EconomicsApril The incentives to undertake such investments are stronger when employment protection creates an common expectation of long-lasting firm-worker matches. We develop general recursive methods to solve for optimal contracts in dynamic principal-agent environments with macroeconomivs states and hidden actions.

A mean-preserving spread in the income distribution increases the fertility differential between the rich and the poor, which implies that more weight gets placed on families who provide little education. Empirical macfoeconomics suggests, however, that many potential mothers and fathers disagree on whether to have children, on how many children to have, and on when to have them.


In our theory, parents macroecobomics their children’s preferences in response to economic incentives. We develop a positive theory of the adoption of child labor laws. Historically, even in countries that are now rich women had few rights macrroeconomics economic development took off. Journal of Economic GrowthMarch In particular, we demonstrate that such measures may have the unintended side effect of lowering domestic support for banning child labor within developing countries, and thus may contribute to the persistence of the child-labor problem.

Given that they took place long before women gained macroecomomics right to vote, these changes amounted to a voluntary renouncement of power by men. In contrast, in a number of European economies such as Germany and Italy the return to education stayed roughly the same.

I compare the predictions macroeconomiccs three variants of the altruistic parent model of Barro and Becker for the relationship between child mortality and fertility. Quarterly Journal of EconomicsNovember The quantitative predictions of the models are remarkably similar. Parents maximize an objective function that combines Beckerian altruism and paternalism towards children.

Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren

Intrahousehold Decision Making and Fertility. In every developed country, the economic transition from pre-industrial stagnation to modern growth was accompanied by a demographic transition from high to low fertility. Apprenticeship and the Rise of Europe Published in Vox. In our model, fertility and education decisions are interdependent. A podcast on Radio France by Charlie Dupiot: Altruism and Paternalism in Intergenerational Preference Transmission.

Our discussion is organized around three themes. Aggregate effects arise because there are asymmetries in the reaction of winners and macroeconomkcs to changes in wealth.

The decisions on savings, education, and labor supply that generate these variables are made within families.

We focus on two sources of asymmetries: American Economic ReviewSeptember It takes a woman and a man to make a baby. We argue that superior institutions for the creation and dissemination of productive knowledge help explain the European advantage.


Child labor is a persistent phenomenon in many developing countries. Journal of Population EconomicsJune Apart from influencing fertility, the policies also have large effects on the evolution of the income distribution in the course of development. Among the policies considered, education subsidies have only minor effects, while accounting for child-labor regulations is crucial.

The model implies that fertility is highly responsive to targeted policies that lower the child care burden specifically for mothers.

The Stochastic Growth Model by Koen Vermeylen – BookBoon This text presents the stochastic growth model, a stochastic version of the neoclassical growth model with microfoundations, and provides the backbone of a lot of macroeconomic models that are used in modern macroeconomic research.

Macroeconomics by Matthias Doepke, Andreas Lehnert, Andrew Sellgren – Download link

macroeconlmics Firms and workers also invest in relationship-specific capital in a calm economic environment where match-specific shocks are small. Theory and evidence suggest that the link depends crucially on the political system.

We discuss the two-way link between culture and economic growth. Townsend Journal of Economic Theory 1, January His research interests include economic growth and development, political economy, macroeconomics, and monetary economics.

Prof. Matthias Doepke, The Family in Macroeconomics

Book Love, Money, and Parenting: We build a model of technological progress in a pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge. While in each model the total fertility rate falls as child mortality declines, the number of surviving children increases. Exploitation, Altruism, and Social Welfare: We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs.

The paper August