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Individual differences |
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The family, although recognized as fundamental from Adam Smith on, received little systematic treatment in economics before the 1950s. A significant exception was Thomas Malthus's model of population growth. The work of Gary Becker, Jacob Mincer and their students initiated contemporary research on family economics with the application and extension of microeconomic theory and empirical methods. Later contributions include those of Theodore Bergstrom. Standard aspects include:
- fertility and the demand for children in developed and developing countries
- child health and mortality
- interrelation and trade-off of 'quantity' and 'quality' of children through investment of time and other resources of parents
- altruism in the family, including the rotten kid theorem
- sexual division of labor, intra-household bargaining, and decision making through the household production function and outside the household.
- mate selection, search costs, marriage, divorce, and imperfect information
- family background and opportunities of children
- intergenerational mobility and inequality, including the bequest motive.
- human capital, social security, and the rise and fall of families
- macroeconomics of the family.
- ↑ [Thomas Robert Malthus], 1798. An Essay on the Principle of Population. Arrow-searchable text.
- ↑ • Theodore W. Schultz, ed., .1974. Economics of the Family: Marriage, Children, and Human Capital, chapter-download links. Chicago, University of Chicago Press.
• Amyra Grossbard, 1976. "An Economic Analysis of Polygamy: The Case of Maiduguri." Current Anthropology 17:701-7 .
• Michael C. Keeley 1979. "An Analysis of the Age Pattern of First Marriage." International Economic Review  320:527-44.
• Gary S. Becker, .1981, Enlarged ed., 1991. A Treatise on the Family. Cambridge, MA: Harvard University Press. ISBN 0-674-90698-5. Publisher's description & links to chapter previews.
• Amyra Grossbard-Shechtman, 1984. "A Theory of Allocation of Time in Markets for Labor and Marriage." Economic Journal 94:863-82.
• Gary S. Becker, 1987. "family," The New Palgrave: A Dictionary of Economics, v. 2, pp. 281-86. Reprinted in Social Economics: The New Palgrave, 1989, pp. 65-76.
- ↑ • Theodore C. Bergstrom, 1996. "Economics in a Family Way," Journal of Economic Literature, 34(4), pp. 1903-1934.
• _____, 1997. "A Survey of Theories of the Family," ch. 2 in Handbook of Population and Family Economics, M. R. Rosenzweig and O. Stark, ed., v. 1A, pp. 21-75. Elsevier.
- ↑ • Alicia Adsera, 2008. "fertility in developed countries," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
• T. Paul Schultz.2008. "fertility in developing countries," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ Janet Currie, 2008. "child health and mortality," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ • Gary S. Becker and Nigel Tomes, 1976. "Child Endowments and the Quantity and Quality of Children," Journal of Political Economy, 84(4, Part 2), pp. S143-S162.
• Eric A. Hanushek, 1992. "The Trade-off between Child Quantity and Quality," Journal of Political Economy, 100(1), pp. 84-117.
• Theodore W. Schultz, 1981. Investing in People: The Economics of Population Quality, University of California Press. Description and scroll to chapter-preview links.
- ↑ Theodore C. Bergstrom, 2008. "Rotten Kid Theorem," The New Palgrave Dictionary of Economics, 2nd Edition, Abstract.
- ↑ • Olivier Donni, 2008. "collective models of the household." The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
• Shelly Lundberg and Robert A. Pollak, 2008. "family decision making," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ Hao Li, 2008. "assortative matching," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ Yoram Weiss, 2008. "marriage and divorce," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ Gary Solon, 2008. "intergenerational income mobility," " The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ • Laurence J. Kotlikoff and Lawrence H. Summers, 1981), "The Role of Intergenerational Transfers in Aggregate Capital Accumulation."
Journal of Political Economy, 89(40), pp. 70 6-732.
• John Laitner, 2008. "bequests and the life cycle model," The New Palgrave Dictionary of Economics, 2nd Edition.Abstract.
• Kathleen McGarry, 2008. "inheritance and bequests." The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ • Oded Galor, 2008. "human capital, fertility and growth," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
• John Ermisch, 2008. "family economics," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract.
- ↑ • Gary S. Becker, 1988. "Family Economics and Macro Behavior," American Economic Review, 78(1) , pp. 1-13.
• John Ermisch, 2003. An Economic Analysis of the Family, Princeton. Description, Chapter 1 "Introduction" (press +), chapter-preview links.
• Mark R. Rosenzweig and Oded Stark, ed., 1997. Handbook of Population and Family Economics. lst-page ch. links, v. 1A & v. 1B, pp. 1422. Elsevier. Description, v. 1A preview, and ch. 1 link.
- Yoram Ben-Porath, 1982. "Economics and the Family-Match or Mismatch? A Review of Becker's A Treatise on the Family," Journal of Economic Literature, 20(1) (March), pp. 52-64.
- Theodore C. Bergstrom and Mark Bagnoli, 1993. "Courtship as a Waiting Game," Journal of Political Economy, 101(1), pp. 185-202.
- Richard A. Berk, 1987. "household production," The New Palgrave: A Dictionary of Economics, v. 2, pp. 673-75.
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