Posts Tagged ‘households’

  • A family invests in land, labor and capital to "produce" children.

    The Cost of Raising Children

    Aug 19, 14 • 299 Views • 2 Comments

    Behavioral economists like Gary Becker say that the family is like a factory where land, labor and capital are combined to "produce" goods like children....  [read more]

  • Gary Becker opened a new world when he used economics to study human behavior

    The Rotten Kid Theorem and Other Gary Becker Ideas

    May 6, 14 • 448 Views • No Comments

    Gary Becker image courtesy of University of Chicago. All too often, if you say you are looking at the economics of the family, people assume you are talking about money. Nobel Laureate Gary Becker, who died this week (1930-2014), changed all of that.  At...  [read more]

  • In NYC and China, developers are building smaller apartments.

    Living Solo: Part 2

    Sep 1, 12 • 370 Views • No Comments

    Soup and ready-made meals sales are soaring in Brazil. The reason is probably more singles. In the United Arab Emirates, if you are over 30 and female, there is a 60% chance you are unmarried. For Japan, 31.5% of all households are one-person. Looking at...  [read more]

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    Augusta National Golf Club and Women

    Aug 21, 12 • 302 Views • No Comments

    With Condoleezza Rice and Darla Moore soon to become the Augusta National Golf Club’s first female members, I keep thinking about how women have become more valuable. The reason takes us back to the family. Assume for a moment that a family is a...  [read more]

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    Middle Class Questions

    Apr 23, 12 • 395 Views • 1 Comment

    If you have questions about Verizon and middle class income growth,  your conclusions might depend on the questions that you ask. My story begins with a disastrous call to Verizon Wireless. One agent left and never returned, three said they could not help...  [read more]