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complex families. stem families. Subjects. Economic Development. Labor and Demographic Economics. Introduction. Households, or more broadly families, are fascinating objects of analysis where important decisions are made.
- Series Advisor
- Other Titles in the Series
- Acknowledgments
Professor John Pencavel, Stanford University The literature of economics is rapidly expanding, and within just a few years, many subjects have changed in recognition. Perceiving the state of knowledge in fast-developing subjects is difficult for students and time-consuming for professional economists. This series of books is intended to help with t...
Sanford V. Berg and John Tschirhart, Natural Monopoly Regulation: Principles and Practice Sushil Bikhchandani, Jack Hirsleifer, and John G. Riley, The Analytics of Uncertainty (Second Edition) Mark Blaug, The Methodology of Economics: Or How Economists Explain (Second Edition) Edwin Burmeister, Capital Theory and Dynamics Richard E. Caves, Multinat...
Murat Iyigun, Val ́erie Lechene, and Bernard Salani ́e provided very useful comments on several chapters, and we wish to thank them. Several graduate students at the University of Tel Aviv assisted us: Linor Kinkzade and Avi Tillman assisted with processing data for the presenta-tion of facts in Chapter 1; Uri Tal and Ellana Melnik-Shoef assisted w...
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Aug 30, 2018 · 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 ...
- Megan McDonald Way
- mway@babson.edu
- 2018
Apr 1, 2024 · Rational choice theory is an economic principle that states that individuals always make prudent and logical decisions. These decisions provide people with the greatest benefit or satisfaction ...
Dec 20, 2023 · Everyone knows that economics is an important science that builds fundamental steps for countries and nations to grow, but did you know that we can encounter economics in our everyday lives? Here are several ways economics plays a role, along with examples:
The Family: A Socially Constructed Idea. Figure 1.1. Reflection of a train on a building. To begin our study of contemporary families in the United States, we will first define an important concept that is used for a large portion of this book: social constructions. A social construction is a mutual understanding and accepted reality created by ...
Jan 1, 2018 · Examples have illustrated the distinctive aspects of family economics: how market prices and personal incomes affect non-market interactions between individuals in the family (through altruistic motives and bargaining), fertility and investment in children.
