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Lucas also played Shirley MacLaine's daughter in the 1977 film The Turning Point, [3] and Jill Clayburgh's daughter in 1978 film An Unmarried Woman. [4] In its review of An Unmarried Woman, The Washington Post said the part of the daughter was "smartly embodied by sharp-featured young actress Lisa Lucas" [5] and Lucas was nominated for the New York Film Critics Circle Award for Best Supporting ...
Family economics applies economic concepts such as production, division of labor, distribution, and decision making to the family. It is used to explain outcomes unique to family—such as marriage, the decision to have children, fertility, time devoted to domestic production, and dowry payments using economic analysis.
The family was also important because birth, family ties, and local custom determined economic status in communities. [2] They describe the family as a "productive unit" and state that physical strength was an essential element in survival. [2] The family economic unit has always been dependent on specialized labor done by family
Household economics analyses all the decisions made by a household. These analyses are both at the microeconomic and macroeconomic level. This field analyses the structures of households, the behavior of family members, and their broader influence on society, including: household consumption, division of labour within the household, allocation of time to household production, marriage, divorce ...
Household work strategies vary over the life cycle as household members age, or with the economic environment; they may be imposed by one person, or be decided collectively. [ 15 ] Feminism examines how gender roles affect the division of labour in households.
The Allocation of Time and Goods Over the Life Cycle. New York: Columbia University Press. ... Economics of the Family: Marriage, Children, and Human Capital. Chicago ...
The overlapping generations (OLG) model is one of the dominating frameworks of analysis in the study of macroeconomic dynamics and economic growth.In contrast to the Ramsey–Cass–Koopmans neoclassical growth model in which individuals are infinitely-lived, in the OLG model individuals live a finite length of time, long enough to overlap with at least one period of another agent's life.
This theory explains the nature and causes of economic cycles from the viewpoint of life-cycle of marketable goods. [55] The theory originates from the work of Raymond Vernon, who described the development of international trade in terms of product life-cycle – a period of time during which the product circulates in the market. Vernon stated ...