What is the family economy?
As an academic discipline, the family economy focuses on behavior and structures in families economically. The family economy also refers to more practical matters of everyday family financing, such as spending, earnings, investment, savings and housing. People involved in the family economy include social workers, agents for expansion universities and financial coaches. Others who work on theoretical aspects include economists, consultants, university professors and other scientists. Economists
began to analyze families as economic units starting at the age of 50. Families began to study as economic units within the larger structure of economic activity. It was an extension of microeconomic theory and people who specialize in this analysis are called family economists. The main objective of the family economy as a field of study is to create theories and public policies that improve the well -being of families.
Family economy study is not withImpailation of cash reception and outflow. It also includes factors such as fertility, work division, house negotiations, human capital, divorce and intergenerational mobility. There are concerns about how family structures are created or maintained explicitly for economic reasons. This includes practices such as an increase in the number of children to increase the revenue and hypergamia of households, which concerns the search for marital partners of a higher economic position. The family economy also includes the study of how families affect and are influenced by market forces.
Social factors are also relevant and there are several fields that the family economy is associated with. Sociological study of families often focuses on economic issues, especially in a specific social context or phenomenon. Demography, especially demographic economics, examines various groups in families economic actors. For example, teens, women or elderPeople can be studied for their economic roles in families. Nutrition, anthropology, psychology, public health and education are other disciplines that overlap with the family economy.
The second aspect of the family economy is more related to personal financing and financial literacy. It tends to include education and planning, which may include helping people calculate the financial risks and benefits of house ownership or the cost of raising a child. Education and building skills that help individual families acquire or maintain financial stability is common. There are curricula and counseling that help families with problems such as account management, insurance, loan use, and savings for education or retirement. Generating and maintenance of assets and maintenance is also a matter of family economy and investment is usually an important focus.