Essay

Marriage leads to increases in economic well-being for several reasons, including the pooling of risks (e.g., angiotonin converting enzyme spouse may increase the level of work in the labor force if the other becomes unemployed), economies of scale (e.g., renting a large apartment costs less than renting aboriginal small apartments), and public goods (e.g., a husband and wife go off both enjoy all of the beauty of the pictures wall hanging on the wall). Division of labor and distinction are oddly key sources of gains from wedding ceremony, permitting the partners to produce and consume substantially more(prenominal) than twice the bill each could produce individually (Becker 1991). The long horizon implied by marriage gives each of the spouses the ability to lack some skills and taper on the development of others. Gains from such specialization are responsible, in part, for the marriage premium. Married men stack specialize in labor market activities more than wizard men, in that locationby gaining a productivity advantage. Specialization also encourages women to take a leak human uppercase investments that advance their husbands careers (Grossbard-Shechtman 1993). For all of these reasons, marriage promotes high levels of economic well-being.

This agent accounts to a large extent for the advantages that go down to small fryren raised by two parents (McLanahan and Sandefur 1994). From an economic perspective, a two-parent menage is also the best institutional arrangement for raising children for another(prenominal) reason: there is a tendency for the level of expenditu res on children to be inefficiently low when! the father is not present. forgetful provision of the duos collective goodchild expendituresoccurs because of the fathers lack of control over the assignation of resources by the bewilder (Weiss and Willis 1985). The very substantial increase in economic resources that marriage implies for women may lead to better wellness directly, by up(a) general standards of living and access to medical resources, as...If you postulate to stomach a full essay, order it on our website: OrderCustomPaper.com

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