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Children are costly, but raising them may pay: The economic approach to fertility
children as consumption and investment goods economic theory fertility intra-family bargaining labor force participation opportunity cost public policies rational choices social context time and uncertainty
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2014/11/26
Objective: This article provides a non-technical introduction to analyses of fertility which are based on a rational-choice paradigm and which acknowledge that raising children may have a strong impac...
Self—Knowledge and Self—Regulation:An Economic Approach
Self—Knowledge Self—Regulation Economic Approach
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2014/3/13
In forecasting how Homo Economicus would evolve into Homo Sapiens, Thaler (2000) predicted that he would gradually “begin losing IQ”, but warned at the same time against simply “making [him] dumber”. ...
An economic approach to the measurement of growth in the output of public services
economic approach measurement of growth output of public services
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2009/11/3
This article explores the application of economic theory to the measurement of growth in public service output. This approach is designed to take account of changes in the quality of the output. The a...