Family Economics

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Guillaume Vandenbroucke - One of the best experts on this subject based on the ideXlab platform.

  • Family Economics Writ Large
    Journal of Economic Literature, 2017
    Co-Authors: Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
    Abstract:

    Powerful currents have reshaped the structure of families over the last century. There has been (1) a dramatic drop in fertility and greater parental investment in children; (2) a rise in married female labor-force participation; (3) a significant decline in marriage; (4) a higher degree of positive assortative mating; (5) more children living with a single mother; and (6) shifts in social norms governing premarital sex and married women’s roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping Family life are stressed. (JEL D13, J12, J13, J16, J22, O33, Z13)

  • Family Economics Writ Large
    2017
    Co-Authors: Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
    Abstract:

    Powerful currents have reshaped the structure of families over the last century. There has been (i) a dramatic drop in fertility and greater parental investment in children; (ii) a rise in married female laborforce participation; (iii) a significant decline in marriage and a rise in divorce; (iv) a higher degree of positive assortative mating; (v) more children living with a single mother; (vi) shifts in social norms governing premarital sex and married women's roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping Family life are stressed.

  • Family Economics writ large
    Journal of Economic Literature, 2016
    Co-Authors: Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
    Abstract:

    Powerful currents have reshaped the structure of families over the last century. There has been (1) a dramatic drop in fertility and greater parental investment in children; (2) a rise in married female labor-force participation; (3) a significant decline in marriage; (4) a higher degree of positive assortative mating; (5) more children living with a single mother; and (6) shifts in social norms governing premarital sex and married women's roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping Family life are stressed.

Anders Klevmarken - One of the best experts on this subject based on the ideXlab platform.

  • Time for children: A study of parent's time allocation
    Journal of Population Economics, 2003
    Co-Authors: Daniel Hallberg, Anders Klevmarken
    Abstract:

    The trade-off between parents' time with their own kids and market work, and its dependence on out-of-home day care is analyzed in a simultaneous equation framework. Economic incentives primarily work through decisions about market work, while the direct effects on time with children are weak. The results suggest that a change in the mother's working hours has less influence on the parents' time with their children than a change in the father's working hours. This would imply that a policy working to increase the time with people's own children should primarily influence the father's work hours. We also find that parents prefer joint activities with their children, and that out-of-home child care is not chosen as a substitute for own time with children. Copyright Springer-Verlag Berlin Heidelberg 2003JEL classification: D1, C5, J13, J22, Key words: Time-use, child care, Family Economics, simultaneous equation system, three-stage least squares, process benefits,

Jeremy Greenwood - One of the best experts on this subject based on the ideXlab platform.

  • Family Economics Writ Large
    Journal of Economic Literature, 2017
    Co-Authors: Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
    Abstract:

    Powerful currents have reshaped the structure of families over the last century. There has been (1) a dramatic drop in fertility and greater parental investment in children; (2) a rise in married female labor-force participation; (3) a significant decline in marriage; (4) a higher degree of positive assortative mating; (5) more children living with a single mother; and (6) shifts in social norms governing premarital sex and married women’s roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping Family life are stressed. (JEL D13, J12, J13, J16, J22, O33, Z13)

  • Family Economics Writ Large
    2017
    Co-Authors: Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
    Abstract:

    Powerful currents have reshaped the structure of families over the last century. There has been (i) a dramatic drop in fertility and greater parental investment in children; (ii) a rise in married female laborforce participation; (iii) a significant decline in marriage and a rise in divorce; (iv) a higher degree of positive assortative mating; (v) more children living with a single mother; (vi) shifts in social norms governing premarital sex and married women's roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping Family life are stressed.

  • Family Economics writ large
    Journal of Economic Literature, 2016
    Co-Authors: Jeremy Greenwood, Nezih Guner, Guillaume Vandenbroucke
    Abstract:

    Powerful currents have reshaped the structure of families over the last century. There has been (1) a dramatic drop in fertility and greater parental investment in children; (2) a rise in married female labor-force participation; (3) a significant decline in marriage; (4) a higher degree of positive assortative mating; (5) more children living with a single mother; and (6) shifts in social norms governing premarital sex and married women's roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping Family life are stressed.

Megan Mcdonald Way - One of the best experts on this subject based on the ideXlab platform.

  • Families: Economic Functions and Decision-Making
    Family Economics and Public Policy 1800s–Present, 2018
    Co-Authors: Megan Mcdonald Way
    Abstract:

    This chapter introduces readers to the field of Family Economics. It defines “Family” from an Economics perspective and then details the economic functions of the Family: human capital creation, social capital creation, household production of goods and services, economies of scale and public goods provisioning, consumption and savings decisions, and risk-sharing and self-insurance. Then it looks at three models of household decision-making: altruism, bargaining, and exchange. The way economists would analyze public policies depends on assumptions about families’ decision-making, and the chapter illustrates how the different models affect policy analysis.

  • Introduction: Public Policy and Family Economics in US History
    Family Economics and Public Policy 1800s–Present, 2018
    Co-Authors: Megan Mcdonald Way
    Abstract:

    This chapter provides an introduction to the types of economic decisions that have challenged US families throughout our history and how public policy creates incentives for families to allocate their resources in ways that meet the country’s economic needs by affecting economic parameters such as prices, income constraints, property rights, and preferences. It looks closely at how three types of policies affected families’ resource allocation decisions: child labor laws and compulsory schooling, the Homestead Act of 1862, and married women’s property laws which changed the coverture laws the United States had adopted from the common law of England. By exploring how these policies affected Family economic decision-making, it previews the Economics and policies that will be presented in later chapters.

  • Family Economics, Public Policy, and Inequality: Diverging Family Fortunes and the Risk to the US Economy
    Family Economics and Public Policy 1800s–Present, 2018
    Co-Authors: Megan Mcdonald Way
    Abstract:

    This chapter describes income inequality since the mid-1800s, and the public policies that lessened it. These include the redistribution of income through New Deal and War on Poverty policies such as AFDC, unemployment and disability insurance, and food stamps. Private businesses’ attempts to divert public policy measures with welfare capitalism, including private provisioning of health insurance, pensions, and other social benefits, are described. The chapter outlines the Economics of the intergenerational transmission of inequality. It then turns to public policies that have worsened Family inequality, including discriminatory housing policy, incarceration and criminal justice policies, and the lack of universal health insurance. It describes worsening inequality and the risks to the US economy, and proposes education, income transfer, and tax policies that would be important to reducing Family inequality.

Shelly Lundberg - One of the best experts on this subject based on the ideXlab platform.

  • Canadian contributions to Family Economics
    Canadian Journal of Economics Revue canadienne d'économique, 2017
    Co-Authors: Shelly Lundberg, Aloysius Siow
    Abstract:

    Canadian scholars have made substantial contributions to the relatively new field of Family Economics. These include new models of how men and women match in marriage markets, and of how decisions are made in multi-person households. Several were early contributors to the literature on married women's labour supply and labour supply in a Family context, and helped to develop empirical methods in this area. A particular focus has been on the impacts of policy-relevant parameters, such childcare costs, on Family labour supply and child well-being. New work on child development, the impact of early life conditions, and the processes of intergenerational transmission also highlight the importance of Family context in determining economic well-being.

  • Psychology and Family Economics
    Perspektiven der Wirtschaftspolitik, 2011
    Co-Authors: Shelly Lundberg
    Abstract:

    AbstractA substantial increase in the availability of data on psychosocial traits in large representative longitudinal samples has opened up new areas of research for economists and new opportunities for collaborations with psychologists. As an example, I incorporate personality into alternative economic models of marriage, with individual traits associated with either productivity in home or market sectors, or preferences for household public goods. Empirically, personality traits have robust effects on individual propensities to marry and to divorce in a representative sample of the German population. Changes in these patterns across cohorts are consistent with a shift in the principal sources of marital surplus from production complementarities to consumption complementarities in the past few decades. Some personality traits related to divorce are also related to limited self-control in other domains, and suggest that departures from rational action should be considered in models of Family behavior. In general, further analysis of the impact of personality and other psychological indicators on Family relationships may improve our understanding of variation in partnership and parental decision-making, and of their responses to policy and to institutional environments.

  • The American Family and Family Economics
    Journal of Economic Perspectives, 2007
    Co-Authors: Shelly Lundberg, Robert A Pollak
    Abstract:

    Gary Becker's path-breaking Treatise on the Family (1981) subjected individuals' decisions about sex, marriage, childbearing, and childrearing to rational choice analysis. The American Family has changed radically in recent decades; we survey these changes as well as the ongoing effort to understand partnering, parenting, and care of the elderly as results of maximizing choices made by individuals. First, we describe the recent changes in the American Family: the separation of sex, marriage, and childbearing; fewer children and smaller households; converging work and education patterns for men and women; class divergence in partnering and parenting strategies; and the replacement of Family functions and home production by government programs and market transactions. Second, we examine recent work in Family Economics that attempts to explain these changes. Third, we point out some challenging areas for further analysis and highlight issues of commitment in two primary Family relationships: those between men and women, and those between parents and children. Finally, we consider the effectiveness of policies to target benefits to certain Family members (for instance, children) or to promote marriage and fertility.

  • the american Family and Family Economics
    2007
    Co-Authors: Shelly Lundberg, Robert A Pollak
    Abstract:

    The twenty-fifth anniversary of the publication of Gary Becker's path-breaking Treatise on the Family provides an occasion to reexamine both the American Family and Family Economics. We begin by discussing how families have changed in recent decades: the separation of sex, marriage, and childbearing; fewer children and smaller households; converging work and education patterns for men and women; class divergence in partnering and parenting strategies; and the replacement of what had been Family functions and home production by government programs and market transactions. After discussing recent work in Family Economics that attempts to explain these changes, we point out some challenging areas for further analysis, and highlight issues of commitment in two primary Family relationships: those between men and women, and those between parents and children. We conclude by discussing the effectiveness of policies to target benefits to certain Family members (e.g., children) or to promote marriage and fertility.

  • the american Family and Family Economics
    Journal of Economic Perspectives, 2007
    Co-Authors: Shelly Lundberg, Robert A Pollak
    Abstract:

    Abstract Gary Becker's path-breaking Treatise on the Family (1981) subjected individuals' decisions about sex, marriage, childbearing, and childrearing to rational choice analysis. The American Family has changed radically in recent decades; we survey these changes as well as the ongoing effort to understand partnering, parenting, and care of the elderly as results of maximizing choices made by individuals. First, we describe the recent changes in the American Family: the separation of sex, marriage, and childbearing; fewer children and smaller households; converging work and education patterns for men and women; class divergence in partnering and parenting strategies; and the replacement of Family functions and home production by government programs and market transactions. Second, we examine recent work in Family Economics that attempts to explain these changes. Third, we point out some challenging areas for further analysis and highlight issues of commitment in two primary Family relationships: those b...