Economics of the Family

The economics of the family is a field which has recently been attracting economists in growing numbers. This study provides a systematic exposition of the way that economists address such topical issues as why the birth rate tends to fall as the standard of living rises; why people are marrying less and divorcing more; and why Western populations are getting older. Ideal for advanced students, with its mix of theory and explanation, this book also presents the latest theoretical results of the literature.