When most of the working people I know in the San Francisco Bay Area talk about the need for two incomes to afford a home, they’re making a fairly accurate calculation. (And even then, the two incomes have to be well above the national median.) But living in this area is a conscious lifestyle choice, […]

When most of the working people I know in the San Francisco Bay Area talk about the need for two incomes to afford a home, they’re making a fairly accurate calculation. (And even then, the two incomes have to be well above the national median.) But living in this area is a conscious lifestyle choice, […]

he women’s movement for equal opportunity in the I 1960s spawned tremendous gains in educational I achievement and labor-force participation. Not only..A» has women’s share of college enrollments increased (from 37 percent in i960 to 57 percent in 2002), they work harder at their studies than men and walk off with a dispro­portionate share of […]

he women’s movement for equal opportunity in the I 1960s spawned tremendous gains in educational I achievement and labor-force participation. Not only..A» has women’s share of college enrollments increased (from 37 percent in i960 to 57 percent in 2002), they work harder at their studies than men and walk off with a dispro­portionate share of […]

To the extent that women’s decisions about developing and in­vesting their human capital are influenced by rational calcula­tions of costs and benefits that seek, as economists put it, to maximize “utility”—sometimes referred to as happiness or self­interest—why would they ever choose to have children? A ridiculous question, some would say. But consider for a moment […]

To the extent that women’s decisions about developing and in­vesting their human capital are influenced by rational calcula­tions of costs and benefits that seek, as economists put it, to maximize “utility”—sometimes referred to as happiness or self­interest—why would they ever choose to have children? A ridiculous question, some would say. But consider for a moment […]

Schumpeter was disturbed by the idea of subjecting parent­hood to modern cost-benefit analysis because, as he saw it, the resulting balance sheet was incomplete, if not fundamentally wrong, especially when it came to the benefits of motherhood. He explained that “the contribution made by parenthood to physical and moral health—to ‘normality’ as we might express […]

Schumpeter was disturbed by the idea of subjecting parent­hood to modern cost-benefit analysis because, as he saw it, the resulting balance sheet was incomplete, if not fundamentally wrong, especially when it came to the benefits of motherhood. He explained that “the contribution made by parenthood to physical and moral health—to ‘normality’ as we might express […]

What Schumpeter’s analysis failed to detect was that the dete­rioration of traditional family life in many ways nurtures the market economy (at least once the engines of capitalist pro­ductivity were primed). Along with the decline in marriage, increasing levels of cohabitation, and the rise in childlessness, by the dawn of the twenty-first century the traditional […]

What Schumpeter’s analysis failed to detect was that the dete­rioration of traditional family life in many ways nurtures the market economy (at least once the engines of capitalist pro­ductivity were primed). Along with the decline in marriage, increasing levels of cohabitation, and the rise in childlessness, by the dawn of the twenty-first century the traditional […]