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Household Choices in Equilibrium

Open access
Altug, Sumru, Miller, Robert A.·1990·Econometrica

Abstract

This paper is an empirical investigation of equilibrium restrictions on household consumption and male labor supply. It exploits a simple factor structure, rationalized by two assumptions, that household allocations are Pareto optimal and that the labor market is competitive. The paper estimates household preferences, and tests how well this parsimonious factor structure represents panel data on married couples and time series data on asset returns. Most of the estimates are roughly comparable to those found in previous work; no evidence against the simple factor representation is found and the intertemporal capital asset pricing model is not rejected. Copyright 1990 by The Econometric Society.

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Metadata

Authors
Altug, S., & Miller, R. A.
Venue
Econometrica
Publisher
JSTOR
Published
1990-05
Volume
58
Issue
3
Pages
543
ISSN
0012-9682 (ISSN-L)
OpenAlex
W2014747606
Cited by
196
References
0
FWCI
18.94
Type
journal article
Language
en
Open access
gold

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CoChat. (2026). Citation check: Household Choices in Equilibrium. https://app.cochat.ai/papers/10.2307/2938190
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Altug, S., & Miller, R. A. (1990). Household Choices in Equilibrium. Econometrica. https://doi.org/10.2307/2938190

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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.