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The New Palgrave Dictionary of Economics pp 1–6Cite as

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Family Economics

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Abstract

Family economics is the application of the analytical methods of microeconomics to family behaviour. It aims to improve our understanding of resource allocation and the distribution of welfare within the family, investment in children and inter-generational transfers, family formation and dissolution and how families and markets interact. In family economics, non-market interactions are crucial for family behaviour and individual welfare.

This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume

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  1. http://link.springer.com/referencework/10.1007/978-1-349-95121-5

    John Ermisch

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  1. John Ermisch
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    Ermisch, J. (2008). Family Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2149-1

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    • DOI: https://doi.org/10.1057/978-1-349-95121-5_2149-1

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    • Publisher Name: Palgrave Macmillan, London

    • Online ISBN: 978-1-349-95121-5

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