Marriage from an economic perspective

Marriage from an economic perspective

Family marriages have reduced error screening, anxiety, and social disintegration. Our time has the highest number of love marriages, and ironically it also has the highest number of divorces.

The first to show the importance of human capital — the importance of knowledge, the energies that a family gives to the individual, and acquires it through education — is award-winning American economist Gary Baker. Nobel in economics.

Baker was interested in husbands, particularly marriages and divorces, through his pioneering research on "the family", by presenting some ideas that upset supporters of women's movements.

In particular, marriage is regarded as a contract for the distribution of work, as each of the spouses specializes in a particular area.

According to social customs and traditions, man who work abroad, and women stay at home to do housework and practice motherhood.

The English economist David Ricardo of his time (19th century AD), and through the theory of balanced advantages, showed why two countries should specialize in trade, in order to obtain the maximum Benefits?

Gary Baker applies the same theory in non-commercial exchange that links the husband to the wife; he asserts that only specialization regulates the resources of spouses and brings them well-being.

Women's broad access to the foreign market has reduced the husband's economic profit on the one hand, and the ease of divorce on the other.

Philippe Thoreau says: We can say in economic terms that the exit of a partner in marriage from the market is no longer expensive, and since young couples expect their marriage to end in divorce, they are not keen on accelerated reproduction, as in the past.

"It seems clear that marriage is no longer a big profit, and this confirms the large number of free associations and the increase in the number of women in charge of the family, as well as the increase in the number of births without marriage," says Dungan.

Unfortunately, this development seems to be self-inherited, so wives want to act as a protection for themselves and their children from the calamity of any possible divorce.

It is noticeable that working women are paid less than men, perhaps because wives are busy with domestic tasks, they do not give the same effort in their professional activity, and therefore they invest less in Abroad, they choose jobs that require less effort, so their wages are lower.

Economic, social and health factors affect the number of births, not only women's work, but also technical advances.

As in a period of rapid technical changes, many families prefer to select their furniture or cars, resulting in a decrease in the budget allocated to their children, resulting in a decrease in the proportion of birth.

Gary Baker and Robert Barrow built a computational model that would allow for an analysis of fertility development, as well as technical progress, with many factors emerging, such as parental sacrifice, growth, and interest rates. Social burdens affect the birth rate.

This is because the presence of children ultimately puts one in a position of choice between immediate consumption and deferred consumption in favour of children.

The higher the actual interest rates, the family is careful to save, and consumption is reduced, which has a positive impact on the number of births.

On the contrary, increasing the social burden on employees reduces savings and leads to a loss of desire to have children.