Tradeoffs and Marriage: Like a Horse and Carriage

As the pill, education and employment opportunities changed the value of women as wives, the tradeoffs that relate to being married have also changed.

The Cost of Raising Children

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.

The Rotten Kid Theorem and Other Gary Becker Ideas

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…

Living Solo: Part 2

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…

Augusta National Golf Club and Women

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…

Middle Class Questions

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…

What’s Cheap? What’s Expensive?

Starting with, “…eating and clothing ourselves is getting easier all the time,” an Atlantic article discusses “cheap” and “expensive.” Relatively cheap: computers media toasters, washing machines, other manufactured goods food internet movies cell phones clothing Relatively expensive: home energy: electricity,…