FAMILY ECONOMICS
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Family Economics uses economic analysis and it tries to explain outcomes unique to family, such as marriage, the decision to have children, fertility, polygamy, time devoted to domestic production, and dowry payments.(more) |
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Family First calls for increased access to affordable housing for families. (more) |
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Family First calls for welfare payments to include vouchers which limit spending on alcohol, tobacco, gambling and other expenses which detract from the needs of the children.(more) |
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Family First calls for optional income tax splitting, similar to a business partnership.(more) |
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Family First calls for equity with childcare allowance/s of grandparent raising grandchildren with that of caregiver.(more) |
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COMMENTARY
Source:Wikipedia on Family Economics
Family economics applies basic economic concepts such as production, division of labor, distribution, and decision making to the study of the family. Using economic analysis it tries to explain outcomes unique to family—such as marriage, the decision to have children, fertility, polygamy, time devoted to domestic production, and dowry payments.
The family, although recognized as fundamental from Adam Smith onward, received little systematic treatment in economics before the 1960s. Important exceptions are Thomas Robert Malthus‘ model of population growth[1] and Friedrich Engels‘[2] pioneering work on the structure of family, the latter being often mentioned in Marxist and feminist economics. Since the 1960s, family economics has developed within mainstream economics, propelled by the new home economics started by Gary Becker, Jacob Mincer, and their students.[3] Standard themes include:
- fertility and the demand for children in developed and developing countries[4]
- child health and mortality[5]
- interrelation and trade-off of ‘quantity’ and ‘quality’ of children through investment of time and other resources of parents[6][7][8]
- altruism in the family, including the rotten kid theorem[9]
- sexual division of labor, intra-household bargaining, and the household production function.[10]
- mate selection,[11] search costs, marriage, divorce, and imperfect information[12]
- family organization, background, and opportunities for children[13]
- intergenerational mobility and inequality,[14] including the bequest motive.[15]
- human capital, social security, and the rise and fall of families[16]
- macroeconomics of the family.[17][18]
Several surveys, treatises, and handbooks are available on the subject.[19][20][21]
See these Centre Right NZ Political Party Policies and voting on FAMILY ECONOMICS.
Note: Policies subject to change. Please check the Policy Links for the latest Policy.
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FAMILY FIRST POLICY REQUEST (Family First is not a political party)
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⇒ increase access to affordable housing for families ⇒welfare payments to include vouchers which limit spending on alcohol, tobacco, gambling and other expenses which detract from the needs of the children ⇒Optional income tax splitting – similar to business partnership ⇒Equate childcare allowance/s of grandparent raising grandchildren with that of caregiver ⇒Stricter regulations on ‘loan sharks’ including capped interest rates and registration ⇒‘Sinking lid’ policy on community-based gaming machines and the availability and licensing of alcohol outlets |
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