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Marriage and the economy
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ISBN: 0521891434 1107133785 1280161302 0511120583 0511205929 0511308671 0511615868 0511073380 0511064926 9780511064920 9780511120589 9781280161308 9780511073380 9786610161300 6610161305 0521814545 9780521814546 0521814545 9780521891431 9780511615863 Year: 2003 Publisher: Cambridge Cambridge University Press

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Abstract

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.

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