Plan for Second Half of Fall 2011
- Farm-Household Models
- Lecture 1: Farm-Household Models
- Admin
- Distribute Syllabus
- Distribute Assignment 2a. Idea: Have groups of students get different LSMS surveys, and use this in connection with lectures.
- Distribute Notes on the Farm-Household Model
- Key Readings
- Bardhan-Udry (1999) Ch. 2 (Household Economics)
- Deaton-Muellbauer (1980)
- Idea: Outline basic model, a la Singh et al via Bardhan & Udry.
Show that separation is implied by basic model. Discuss how to estimate demand system, labor supply, all in an environment with no risk.
- Admin
- Lecture 2: Farm-Household Models
- Key readings
- Other readings
- Idea: Estimating farm-level demand and supply; testing separation
- Key readings
- Lecture 1: Farm-Household Models
- Risk-sharing
- Lecture 4: Risk-sharing
- Key Readings
- Draft of Ligon (2008)
- Bardhan-Udry (1999) Ch. 8
- Fafchamps (1992)
- Townsend (1994)
- Idea: What are the effects of risk, and how can we measure it?
Models of full risk-sharing; interpretation of multipliers; relationship to interest rates.
- Key Readings
- Lecture 5: Risk-sharing
- Key Readings
- Idea: How can we test for full risk sharing?
- Key Readings
- Lecture 6:
- Key Readings
- Key Readings
- Lecture 4: Risk-sharing
- Intra-household allocation
- Lecture 7
- Key Readings
- Idea: Introduce basic static model of intra-household problem
with no uncertainty.- Altruism (Becker)
- Nash-bargaining (McElroy-Horning)
- Collective Model (Chiappori)
- Key Readings
- Lecture 8: Intra-household allocation
- Admin
- Idea: Cover intra-household problem with time and uncertainty.
- Key Readings
- Admin
- Lecture 9: Intrahousehold allocation
- Key Readings
- Key Readings
- Lecture 7
- Dynamics of Consumption, Savings, and Inequality
- Lecture 10
- Key Readings
- Key Readings
- Lecture 11
- Key Readings
- Key Readings
- Lecture 10
- Final Exam: