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Economics Of Marriage
The economics of marriage includes the economic analysis of household formation and break up, of production and distribution decisions within the household. It is closely related to the law and economics of marriages and households. Grossbard-Shechtman (1999a and 1999b) identifies three approaches to the subject: the Marxist approach (Friedrich Engels (1884) and Himmelweit and Mohun (1977)), the neo-classical approach (Gary Becker (1974)) and the game theoretic approaches (Marilyn Manser, Murray Brown, Marjorie McElroy and Mary Jane Horney). Marital status has a positive influence on economic status. There is a marriage prime for males that the wage of married males is 15% higher than the wage of never married male. The Uniform Marital Property Act issued clause on the distribution of marital property and individual property. The Uniform Premarital Agreements Act offers clauses to guide two spouses to make an agreement on distribution of rights and obligations before marriage. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shoshana Grossbard-Shechtman
__NOTOC__ Shoshana Grossbard (born October 23, 1948; also known as Shoshana Grossbard-Shechtman, Amyra Grossbard-Shechtman, and Amyra Grossbard) is an economist and professor of economics emerita at San Diego State University. She is also a member of the Family Inequality Network, HCEO, University of Chicago and a research fellow at the Institute for the Study of Labor and the CESifo Institute. She is a well-published scholar as well as a founder of two organizations related to household economics: a journal, the ''Review of Economics of the Household'' founded in 2001 (she remains its editor in chief) and the Society of Economics of the Household. The Society (SEHO) holds annual meetings since 2017. The main focus of Grossbard's research is household economics, family economics and economics of marriage. A student of Gary Becker and James Heckman at the University of Chicago and of Jacob Mincer, she was one of the first economists to enter this research area. In her theoretical app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theodore Schultz
Theodore William Schultz (; 30 April 1902 – 26 February 1998) was an American Agricultural economist and chairman of the University of Chicago Department of Economics. Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences. Early life and education Theodore William Schultz was born on April 30, 1902 in a small town ten miles northwest of Badger, South Dakota on a 560-acre farm. When Schultz was in the eighth grade, his father Henry decided to pull him out of attending Kingsbury County Schoolhouse. His father's view was that if his eldest son continued to get an education he would be less inclined to continue working on the farm. Schultz subsequently did not have any formal post-secondary education. He eventually enrolled in the Agriculture College at South Dakota State, in a three-year program that met for four months a year during the winter. After being recognized for having great potential as a student, Schultz moved on to a b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partner Effects
Partner effects refer to the ways in which a spouse or consensual mate influences the life of their significant other. More specifically, the effect a partner has on another's career and overall occupational status. In the past, less research had been done to observe the effects of spousal education and status position on one another because it had been assumed that the wife would adopt the husband's status. Over the past few decades, however, opportunity for women in the workplace has increased dramatically giving them a larger role in overall family income and status. Women's expanded role has brought about many changes in the opportunities for families. De Graaf, Paul M. "Stratification: Partner Effects." Blackwell Encyclopedia of Sociology. Ritzer, George (Ed). Blackwell Publishing, 2007. B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hypergamy
Hypergamy (colloquially referred to as "marrying up") is a term used in social science for the act or practice of a person marrying a spouse of higher caste or social status than themselves. The antonym "hypogamy" refers to the inverse: marrying a person of lower social class or status (colloquially "marrying down"). Both terms were coined in the Indian subcontinent in the 19th century while translating classical Hindu law books, which used the Sanskrit terms ''anuloma'' and ''pratiloma'', respectively, for the two concepts. The term hypergyny is used to describe the overall practice of women marrying up, since the men would be marrying down. India In rural India, hypergamy is an opportunity to modernize. Marriages in rural India are increasingly examples of hypergamy. Farmers and other rural workers want their daughters to have access to city life, for with metropolitan connections comes better job opportunities, upper-class social circles, even better housing opportunities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Economics
Family economics applies economic concepts such as production, division of labor, distribution, and decision making to the family. It is used to explain outcomes unique to family—such as marriage, the decision to have children, fertility, polygamy, time devoted to domestic production, and dowry payments using economic analysis. The family, although recognized as fundamental from Adam Smith onward, received little systematic treatment in economics before the 1960s. Important exceptions are Thomas Robert Malthus' model of population growthThomas Robert Malthus, 1798. '' An Essay on the Principle of Population''. Full text on WikiSource. and Friedrich Engels'Friedrich Engels, 1981, The Origin of the Family, Private Property and State, International Publishers, pp 94-146 pioneering work on the structure of family, the latter being often mentioned in Marxist and feminist economics. Since the 1960s, family economics has developed within mainstream economics, propelled by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Imperialism (economics)
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demographic Economics
Demographic economics or population economics is the application of economic analysis to demography, the study of human populations, including size, growth, density, distribution, and vital statistics. Aspects Aspects of the subject include * marriage and fertility * the family * divorce * morbidity and life expectancy/mortality * dependency ratios * migration * population growth * population size * public policy * the demographic transition from "population explosion" to (dynamic) stability or decline. Other subfields include measuring value of life and the economics of the elderly and the handicapped and of gender, race, minorities, and non-labor discrimination. In coverage and subfields, it complements labor economics and implicates a variety of other economics subjects. __NOTOC__ Subareas The ''Journal of Economic Literature'' classification codes are a way of categorizing subjects in economics. There, demographic economics is paired with labour economics as on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parental Dividend
The parental dividend is a policy proposal first suggested by economist Shirley P. Burggraf during a Bunting Fellowship at Radcliffe College. It proposes replacing the current generalized labor market funding apparatus of the US Social Security system with one that preferentially rewards parental labor and investment. While the current US Social Security system collects payroll taxes from working adults and redistributes them to retirees in amounts based on pre-retirement earnings, the parental dividend is a retirement benefit calculated according to the income of one's own adult children. Background Shirley P. Burggraf’s parental dividend is described in ''The Feminine Economy and Economic Man: Reviving the Role of the Family in the Post-Industrial Age'' (1997). The proposal has been described as an atypical feminist approach to solving crises of the American family unit by relying on market forces. According to sociologist David Popenoe on the topic of the parental divide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cost Of Raising A Child
The cost of raising a child varies from country to country. The cost of raising a child is usually determined according to a formula that accounts for major areas of expenditure, such as food, housing, and clothing. However, any given family's actual expenses may differ from the estimates. For example, the rent on a home does not usually change when the tenants have another child, so the family's housing costs may remain the same. In other cases, the home may be too small, in which case the family might move to a larger home at a higher cost. The formula may also account for inflation, as prices are constantly changing, and it will inadvertently affect how much it costs to raise a child. Developing countries According to Globalissues.org, "Almost half the world—over three billion people—live on less than US$2.50 a day." This statistic includes children. The calculation of the cost to raise a child in developing countries is difficult, since families often do not operate with c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Median Household Wealth Of Persons Aged 51-61 By Marital Status
In statistics Statistics (from German language, German: ''wikt:Statistik#German, Statistik'', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of ... and probability theory, the median is the value separating the higher half from the lower half of a Sample (statistics), data sample, a statistical population, population, or a probability distribution. For a data set, it may be thought of as "the middle" value. The basic feature of the median in describing data compared to the Arithmetic mean, mean (often simply described as the "average") is that it is not Skewness, skewed by a small proportion of extremely large or small values, and therefore provides a better representation of a "typical" value. Median income, for example, may be a better way to suggest what a "typical" income is, because income distribution can be very skewed. The median is of central importance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxism
Marxism is a Left-wing politics, left-wing to Far-left politics, far-left method of socioeconomic analysis that uses a Materialism, materialist interpretation of historical development, better known as historical materialism, to understand Social class, class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist philosophy, Marxist theory exists. In addition to the schools of thought which emphasize or modify elements of classical Marxism, various Marxian concepts have been incorporated and adapted into a diverse array of Social theory, social theories leading to widely varying conclusions. Alongside Marx's critique of political economy, the defining characteristics of Marxism have often been described using the terms dialectical mater ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
