search query: @author Ríos-Rull, J-V. / total: 4
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| Author: | Cubeddu, L. Ríos-Rull, J-V. |
| Title: | Families as shocks |
| Journal: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 671-682 |
| Index terms: | Economic shocks Families Macroeconomics Stochastic processes |
| Language: | eng |
| Abstract: | The quantitative importance of the process that determines changes in family composition is shown to determine the main macroeconomic magnitudes. It is done by modelling family type as a stochastic process that affects households in a way similar to shocks to earnings. It is shown that the size of savings differs dramatically depending on the details of the stochastic process. |
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