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The American Family and Family Economics

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  • Shelly Lundberg
  • Robert A. Pollak

Abstract

The twenty-fifth anniversary of the publication of Gary Becker's path-breaking "Treatise on the Family" provides an occasion to reexamine both the American family and family economics. We begin by discussing how families have changed in recent decades: the separation of sex, marriage, and childbearing; fewer children and smaller households; converging work and education patterns for men and women; class divergence in partnering and parenting strategies; and the replacement of what had been family functions and home production by government programs and market transactions. After discussing recent work in family economics that attempts to explain these changes, we point out some challenging areas for further analysis, and highlight issues of commitment in two primary family relationships: those between men and women, and those between parents and children. We conclude by discussing the effectiveness of policies to target benefits to certain family members (e.g., children) or to promote marriage and fertility.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12908.

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Date of creation: Feb 2007
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Publication status: published as Shelly Lundberg & Robert A. Pollak, 2007. "The American Family and Family Economics," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 3-26, Spring.
Handle: RePEc:nbr:nberwo:12908

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