Narratives and the Economics of the Family

Working Paper: CEPR ID: DP15152

Authors: Robert Akerlof; Luis Rayo

Abstract: We augment Becker's classic model of the family by assuming that, in addition to caring about consumption, the family wishes to further a subjective story, or narrative, that captures its deeply held values. Our focus is on two stories that in many ways are polar opposites. The first one--the protector narrative--gives rise to a type of traditional family where gender roles are distinct, men and women are pushed towards "separate spheres," and men are expected to be tough and authoritarian. The second one--the fulfillment narrative--gives rise to a type of modern family where roles are less distinct, family members have greater latitude in their decisions, and marriages are based to a greater extent on romantic love. We derive a rich bundle of behaviors associated with each story, and using survey data, we show that our findings are consistent with a variety of empirical patterns.

Keywords: family; narratives; gender norms; marriage

JEL Codes: D10; Z10


Causal Claims Network Graph

Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.


Causal Claims

CauseEffect
protector narrative (F52)traditional family structure (J12)
protector narrative (F52)distinct gender roles (J16)
protector narrative (F52)underinvestment in women's human capital (J24)
protector narrative (F52)strict adherence to traditional gender norms (J16)
fulfillment narrative (Y60)modern family structure (J12)
fulfillment narrative (Y60)less distinct roles (Y80)
fulfillment narrative (Y60)egalitarian behaviors (D63)
protector narrative (F52)stronger gender norms (J16)
fulfillment narrative (Y60)fluidity in roles (J62)
fulfillment narrative (Y60)greater emphasis on individual fulfillment (I31)
narratives (Y40)family behaviors (J12)
narratives (Y40)marriage rates (J12)
narratives (Y40)gender roles (J16)

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