The Economic Organization of the Household

Download or read book The Economic Organization of the Household written by W. Keith Bryant and published by Cambridge University Press. This book was released on 2005-12-19 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surveying the field of the economics of the household, the second edition of this text reviews the theory of the consumer at the intermediate undergraduate level. It then applies and extends it to consumer demand and expenditures, consumption and saving, time allocation among market work, home work, and leisure, human capital emphasizing investment in education, children and health, fertility, marriage, and divorce. Influenced by Gary Becker and his associates, the models developed are used to help explain modern U.S. trends in family behavior. Topics are discussed with the aid of geometry and a little algebra. For those with calculus, mathematical endnotes provide the models on which the text discussions are based and interesting applications beyond the scope of the text.