Marriage and the Economy explores how marriage influences the monetized economy as well as the household economy. Marriage institutions are to the household economy what business institutions are to the monetized economy, and marital status is clearly related to the household economy. Marriage also influences the economy as conventionally measured via its impact on labor supply, workers' productivity, savings, consumption, and government programs such as welfare programs and social security. The macro-economic analyses presented here are based on the micro-economic foundations of cost/benefit analysis, game theory, and market analysis. Micro-economic analysis of marriage, divorce, and behavior within marriages are investigated by a number of specialists in various areas of economics. Western values and laws have been very successful at transforming the way the world does business, but its success at maintaining individual commitments to family values is less impressive.
Marriage is an institution that plays a central role in most societies. As it affects decisions regarding labor supply, consumption, reproduction, and other important decisions, marriage receives considerable attention in academic circles. Much research has been done about marriage, principally by sociologists, psychologists, and anthropologists.
There was a time when the phrase "American family" conjured up a single, specific image: a breadwinner dad, a homemaker mom, and their 2.5 kids living comfortable lives in a middle-class suburb. Today, that image has been shattered, due in part to skyrocketing divorce rates, single parenthood, and increased out-of-wedlock births. But whether it is conservatives bewailing the wages of moral decline and women's liberation, or progressives celebrating the result of women's greater freedom and changing sexual mores, most Americans fail to identify the root factor driving the changes: economic inequality that is remaking the American family along class lines. In Marriage Markets, June Carbone and Naomi Cahn examine how macroeconomic forces are transforming our most intimate and important spheres, and how working class and lower income families have paid the highest price. Just like health, education, and seemingly every other advantage in life, a stable two-parent home has become a luxury that only the well-off can afford. The best educated and most prosperous have the most stable families, while working class families have seen the greatest increase in relationship instability. Why is this so? The book provides the answer: greater economic inequality has profoundly changed marriage markets, the way men and women match up when they search for a life partner. It has produced a larger group of high-income men than women; written off the men at the bottom because of chronic unemployment, incarceration, and substance abuse; and left a larger group of women with a smaller group of comparable men in the middle. The failure to see marriage as a market affected by supply and demand has obscured any meaningful analysis of the way that societal changes influence culture. Only policies that redress the balance between men and women through greater access to education, stable employment, and opportunities for social mobility can produce a culture that encourages commitment and investment in family life. A rigorous and enlightening account of why American families have changed so much in recent decades, Marriage Markets cuts through the ideological and moralistic rhetoric that drives our current debate. It offers critically needed solutions for a problem that will haunt America for generations to come.
An analysis of the enormous changes in women's economic lives around the world, from the family to the labour market. Hoffman and Averett examine topics such as the effect of rising women's wages and improved labour market opportunities on marriage, the ways in which more reliable contraception has shaped women's adult lives and careers, and the forces behind the phenomenal rise in women's labour force activity. This fourth edition includes brand new chapters on gender in economics and race and gender in the USA. It incorporates the latest research findings throughout, many of which are featured in helpful call-out boxes, and illustrated with new graphs and figures. This is invaluable reading for undergraduate and postgraduate students of economics, development and women's studies. The level of economic analysis is suitable for students with basic economics knowledge. New to this Edition: - New chapters on gender in economics and race and gender in economics - Fully updated with new data, policy examples and a new companion website with lecturer resources - Increased pedagogy, with over 30 new boxes
In an era when half of marriages end in divorce, cohabitation has become more commonplace and those who do get married are doing so at an older age. So why do people marry when they do? And why do some couples choose to cohabit? A team of expert family sociologists examines these timely questions in Marriage and Cohabitation, the result of their research over the last decade on the issue of union formation. Situating their argument in the context of the Western world’s 500-year history of marriage, the authors reveal what factors encourage marriage and cohabitation in a contemporary society where the end of adolescence is no longer signaled by entry into the marital home. While some people still choose to marry young, others elect to cohabit with varying degrees of commitment or intentions of eventual marriage. The authors’ controversial findings suggest that family history, religious affiliation, values, projected education, lifetime earnings, and career aspirations all tip the scales in favor of either cohabitation or marriage. This book lends new insight into young adult relationship patterns and will be of interest to sociologists, historians, and demographers alike.
What sort of contract is marriage? What does it offer the parties? What are the difficulties of enforcement, and the result of failed effective enforcement? This book takes an economic approach to marriage and divorce, considering the key role of incentives in family law: it highlights the possible adverse consequences emanating from faulty legal design, while demonstrating that good family law should provide incentives for consistent and honest behavior. Economists, specialists in the economic analysis of law, and academic lawyers discuss recent advances in specialist work on marriage, cohabitation, and divorce. Chapters are grouped around four topics: the contractual perspectives on marriage commitment; the regulatory framework surrounding divorce; bargaining and commitment issues relating to marriage and near-marriage arrangements; and finally empirical work, which focuses on the impact of more liberal divorce laws. This important new study will be of considerable interest to lawyers, policy-makers and economists concerned with family law.
This textbook presents a comprehensive analysis of the enormous changes in women's economic lives around the world, from the family to the labor market. Hoffman and Averett examine a range of fascinating topics such as the effect of rising women's wages and improved labor market opportunities on marriage, the ways in which more reliable contraception has shaped women's adult lives and careers, and the forces behind the phenomenal rise in women's labor force activity. This fourth edition addresses important topics of discussion through brand new chapters on gender in economics and race and gender in the USA. It incorporates the latest research findings throughout, many of which are featured in helpful call-out boxes, and illustrated with new graphs and figures. This is invaluable reading for undergraduate and postgraduate students of economics, development and women's studies. The level of economic analysis is suitable for students with basic economics knowledge. New to this Edition: - New chapters on gender in economics and race and gender in economics. - Fully updated with new data, policy examples and a new companion website with lecturer resources. - Increased pedagogy, withover 30 new boxes. - Policy has been integrated into the main chapters so that connections are clearer. - Intersectional approach.
Marriage is an institution that plays a central role in most societies. As it affects decisions regarding labor supply, consumption, reproduction, and other important decisions, marriage receives considerable attention in academic circles. Much research has been done about marriage, principally by sociologists, psychologists, and anthropologists.
