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.
• Most up-to-date collection on the economics of marriage and the family • Covers North America, Europe, Israel and has implications for rest of developed world • Contributors are among the world's leading specialists on the subject
1. Marriage and the economy Shoshana Grossbard-Shechtman; Part I. The Economics of Marriage and Divorce: 2. The economics of marriage and household formation Michael Brien and Michelle Sheran; 3. The economics of divorce Evelyn L. Lehrer; 4. The effects of public policy Leslie Whittington and James Alm; Part II. Effects of Marriage on Income Uses: 5. Control over money in marriage Frances Woolley; 6. Marriage, assets, and savings Joseph Lupton and James Smith; 7. The economics of child support Andrea Beller and John Graham; 8. Marriage prospects and welfare use John Fitzgerald; Part III. Effects of Marriage on Time Uses: 9. Marriage, household production and earnings Joni Hersch; 10. Marriage and work for pay Shoshana Grossbard-Shechtman and Shoshana Neuman; 11. Marriage, work for pay, and child care Rachel Connelly and Jean Kimmel; 12. Marriage and home-based paid employment Elizabeth Field-Hendrey and Linda Edwards; Part IV. Marriage and the Macro Economy: 13. Married households and gross household product Duncan Ironmonger and Faye Soupourmas; 14. Marriage, parental investment, and the macroeconomy Shirley Burggraf.
'Marriage and the Economy is a fascinating book … much interest for a general audience'. INTAMS
'… this will be a helpful source for family researchers.' Josef Bruderl, University of Mannheim, Germany
'… this book provides a comprehensive and up-to-date overview of economic theories employed in studies of marriage and divorce and the empirical results emerging from this field of research. The largely nontechnical presentations should be accessible to those without the skills of a highly specialized economist. This may be the greatest benefit of the book: its potential contribution to increasing general awareness and knowledge concerning issues related to marriage and divorce.' Feminist Economics