
The Five Life Decisions
How Economic Principles and 18 Million Millennials Can Guide Your Thinking
Robert T. Michael(Author)
University of Chicago Press
Published on 5. August 2016
Book
Paperback/Softback
232 pages
978-0-226-35444-6 (ISBN)
Description
Choices matter. And in your teens and twenties, some of the biggest life decisions come about when you feel the least prepared to tackle them. Economist Robert T. Michael won't tell you what to choose. Instead, he'll show you how to make smarter choices. Michael focuses on five critical decisions we all face about college, career, partners, health, and parenting. He uses these to demonstrate how the science of scarcity and choice concepts used to guide major business decisions and shape national legislation can offer a solid foundation for our own lives. Employing comparative advantage can have a big payoff when picking a job. Knowing how to work the marketplace can minimize uncertainty when choosing a partner. And understanding externalities the ripple of results from our actions can clarify the if and when of having children. Michael also brings in data from the National Longitudinal Survey of Youth, a scientific sample of 18 million millennials in the United States that tracks more than a decade of young adult choices and consequences.
As the survey's longtime principal investigator and project director, Michael shows that the aggregate decisions can help us understand what might lie ahead along many possible paths offering readers insights about how their own choices may turn out. There's no singular formula for always making the right choice. But the adaptable framework and rich data at the heart of The Five Life Decisions will help you feel confident in whatever you decide.
As the survey's longtime principal investigator and project director, Michael shows that the aggregate decisions can help us understand what might lie ahead along many possible paths offering readers insights about how their own choices may turn out. There's no singular formula for always making the right choice. But the adaptable framework and rich data at the heart of The Five Life Decisions will help you feel confident in whatever you decide.
More details
Language
English
Place of publication
Chicago
United States
Publishing group
The University of Chicago Press
Target group
Professional and scholarly
Dimensions
Height: 23 mm
Width: 15 mm
Thickness: 1 mm
Weight
312 gr
ISBN-13
978-0-226-35444-6 (9780226354446)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
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Michael Robert T. Michael
Five Life Decisions
How Economic Principles and 18 Million Millennials Can Guide Your Thinking
E-Book
08/2016
1st Edition
University of Chicago Press
from
€18.00
Available for download
Person
Robert T. Michael is the founding dean and Eliakim Hastings Moore Distinguished Service Professor Emeritus of the Harris School of Public Policy Studies at the University of Chicago. He is also a senior fellow at the National Opinion Research Center at the University of Chicago. His eight books include the coauthored Sex, Love, and Health in America: Private Choices and Public Policies and Allocation of Income within the Household, both from the University of Chicago Press.