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Family Economics and Public Policy, 1800s–Present

Part of the Palgrave Studies in American Economic History Book Series

DOI: 10.1057/978-1-137-43963-5

ISBN: 978-1-137-43961-1

Publisher: Palgrave Macmillan US - Springer Journals

Aug 30, 2018

LitStream

Chapter 1Introduction: Public Policy and Family Economics in US History

Way, Megan McDonald

Pages: 1 –21

[This chapter provides an introduction to the types of economic decisions that have challenged US families throughout our history and how public policy creates incentives for families to allocate their resources in ways that meet the country’s economic needs by affecting economic parameters such...
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Chapter 2Families: Economic Functions and Decision-Making

Way, Megan McDonald

Pages: 23 –44

[This chapter introduces readers to the field of family economics. It defines “family” from an economics perspective and then details the economic functions of the family: human capital creation, social capital creation, household production of goods and services, economies of scale and public...
LitStream

Chapter 3The Path of US Fertility: Micro Decisions with Macro Consequences

Way, Megan McDonald

Pages: 45 –87

[This chapter describes fertility levels and immigration patterns since the 1800s. It looks at the evolution of fertility rates across racial and ethnic lines. The chapter provides economic explanations for fertility declines and increases, and outlines an economic model of the demand for...
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Chapter 4Private and Public Investments in Children: Creating the Human Capital to Meet US Economic Needs

Way, Megan McDonald

Pages: 89 –131

[Educational investments have been key to US economic development and growth. This chapter looks at the economy over time in relation to the educational system and identifies the economic factors behind families’ and governments’ allocation of resources to human capital investments. Then it...
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Chapter 5Labor Force Participation and Home Production: Evolving Rights, Roles, and Opportunities for Women and Men

Way, Megan McDonald

Pages: 133 –170

[The changing US economy since the 1800s led to changes in the work lives of men and women, both in the market and at home. This chapter outlines these changes, including a discussion of the economic value of household labor. The factors underlying the household allocation of labor are described...
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Chapter 6The Economics of Changing Family Structures: The Public Interest in Marriage and Family Formation

Way, Megan McDonald

Pages: 171 –203

[This chapter looks at the interests of the government in marriage, the economic factors that determine the value of marriage, and the economic reasons behind and results of the decline in marriage, increase in divorce, and increase in non-marital childbearing in the late twentieth and early...
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Chapter 7Intergenerational Economics: Public and Family Support for Retirees in US History and Looking Forward

Way, Megan McDonald

Pages: 205 –234

[This chapter examines public support for the elderly starting with Civil War veterans’ and widows’ pensions, through Social Security and the creation of Medicare and Medicaid, which successfully lowered elderly poverty levels as part of the New Deal and the War on Poverty. It describes the...
LitStream

Chapter 8Family Economics, Public Policy, and Inequality: Diverging Family Fortunes and the Risk to the US Economy

Way, Megan McDonald

Pages: 235 –271

[This chapter describes income inequality since the mid-1800s, and the public policies that lessened it. These include the redistribution of income through New Deal and War on Poverty policies such as AFDC, unemployment and disability insurance, and food stamps. Private businesses’ attempts to...

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