Much of macroeconomics is concerned with the allocation of physical capital, human capital,
and labor over time and across people. The decisions on savings, education, and labor …

What do economists have to say about behavior within the context of the family? This book
improves our understanding of how families and markets interact, why important aspects of …

Like others before us using different data, we find significant effects of parental family
income on the completed schooling and wage rates of adult children using intergenerational …

OECD countries faced highly contrasted employment patterns over the last three decades.
However, this cross-national heterogeneity is mainly concentrated on particular …

In this paper we show the quantitative importance of the process that determines changes in
family composition to determine the main macroeconomic magnitudes. We do so by …

What do the half-century decline in US marriage and the attendant rise in single parenthood
mean for the economic well-being of children, especially children living in single-parent …

Gary Becker's path-breaking Treatise on the Family (1981) subjected individuals' decisions
about sex, marriage, childbearing, and childrearing to rational choice analysis. The …

We construct a simple model, consistent with Becker and Tomes, that decomposes the
intergenerational income elasticity into the causal effect of financial resources, the …

C hanges in family structure and changes in poverty are closely related. Singlemother
families are about five times as likely to be poor as married-parent families. 1 While they are …

Empirical evidence suggests that money in the hands of mothers (as opposed to fathers)
increases expenditures on children. Does this imply that targeting transfers to women …