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.
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Ermisch, J. (2018). Family Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2149
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2149
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