FamilyMacro: Family Decisions and Macroeconomic Outcomes

驱动宏观经济结果的大多数家庭选择，如劳动力供给、储蓄、生育率和教育等决策，都是在家庭背景下做出的。FamilyMacro将推进一项研究议程，明确家庭决策对宏观经济结果的作用，并对家庭决策对经济增长、经济波动和宏观经济不平等的影响产生新的见解。关于对商业周期的影响，FamilyMacro将收集新的证据并构建新的模型，以理解宏观经济冲击对劳动力供给和消费的影响，同时考虑到性别和婚姻状况在劳动力市场行为上的本质差异，以及家庭中保险对消费反应的作用。在经济增长方面，FamilyMacro将利用最近关于技能习得和养育子女的经济学研究来研究宏观经济条件对人力资本积累的影响。第二个长期主题是许多高收入经济体目前非常低的生育率所导致的人口低增长的影响。最后，FamilyMacro将探讨家庭与宏观经济不平等之间的联系，通过考虑“家庭文化”和家庭内部价值观和态度的其他形式的传递，以促进社会流动性和跨代经济地位的持续。

Most of the household choices that drive macroeconomic outcomes, such as decisionson labor supply, savings, fertility, and education are made in the context of families.FamilyMacro will advance a research agenda that makes the role of family decision makingfor macroeconomic outcomes explicit and derive new insights on the repercussions of familydecision-making for economic growth, economic fluctuations, and macroeconomic inequality.With regard to implications for business cycles, FamilyMacro will gather new evidence andassemble new models to understand the implications of macroeconomic shocks for laborsupply and consumption, while taking into account the qualitatively different labor marketbehavior by gender and marital status and the role of insurance within the family forconsumption responses. Regarding economic growth, FamilyMacro will leverage recent workon the economics of skill acquisition and parenting to examine the repercussions ofmacroeconomic conditions for human capital accumulation. A second long-run theme is theimplications of low population growth resulting from the currently very low fertility ratesin many high-income economies. Lastly, FamilyMacro will explore the link between familiesand macroeconomic inequality by considering the role of "family culture" and other formsof transmission of values and attitudes within families for social mobility and thepersistence of economic status across generations.