Palgrave Studies in American Economic History

Family Economics and Public Policy, 1800s–Present

How Laws, Incentives, and Social Programs Drive Family Decision-Making and the US Economy

Authors: Way, Megan McDonald

  • Highlights how the interplay of public policy and family economic decision-making have driven innovation and prosperity within the US economy
  • Examines the historical and present-day policies that have purposely or inadvertently advantaged some families over others, leading to persistent inequalities
  • Explores different ways in which policy can help people achieve their productive potential as the US economy moves into the mid-twenty-first century and faces new challenges
  • Tracks dramatic changes in the American family and the evolution of the US economy from the 1800s–present
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eBook $89.00
price for USA (gross)
  • ISBN 978-1-137-43963-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-1-137-43961-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book explores family economic decision-making in the United States from the nineteenth century through present day, specifically looking at the relationship between family resource allocation decisions and government policy. It examines how families have responded to incentives and constraints established by diverse federal and state policies and laws, including the regulation of marriage and of female labor force participation, child labor and education policies—including segregation—social  welfare programs, and more. The goal of this book is to present family economic decisions throughout US history in a way that contextualizes where the US economy and the families that drive it have been. It goes on to discuss the role public policies have played in that journey, where we need to go from here, and how public policies can help us get there. At a time when American families are more complex than ever before, this volume will educate readers on the often unrecognized role that government policies have on our family lives, and the uncelebrated role that family economic decision-making has on the future of the US economy. 

About the authors

Megan McDonald Way is Associate Professor and Chair of the Economics Division at Babson College, USA. She teaches graduate and undergraduate microeconomics principles and undergraduate labor courses. Her research focuses on intergenerational financial transfers within families, specifically how demographic changes in family structure are affecting the way money gets passed between the generations. She also studies gender earnings gaps, particularly among the self-employed. Prior to her career in academia, Dr. Way spent eight years as a marketing professional in the software industry. 

Table of contents (8 chapters)

  • Introduction: Public Policy and Family Economics in US History

    Way, Megan McDonald

    Pages 1-21

  • Families: Economic Functions and Decision-Making

    Way, Megan McDonald

    Pages 23-44

  • The Path of US Fertility: Micro Decisions with Macro Consequences

    Way, Megan McDonald

    Pages 45-87

  • Private and Public Investments in Children: Creating the Human Capital to Meet US Economic Needs

    Way, Megan McDonald

    Pages 89-131

  • Labor Force Participation and Home Production: Evolving Rights, Roles, and Opportunities for Women and Men

    Way, Megan McDonald

    Pages 133-170

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-1-137-43963-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA
  • ISBN 978-1-137-43961-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Family Economics and Public Policy, 1800s–Present
Book Subtitle
How Laws, Incentives, and Social Programs Drive Family Decision-Making and the US Economy
Authors
Series Title
Palgrave Studies in American Economic History
Copyright
2018
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-43963-5
DOI
10.1057/978-1-137-43963-5
Hardcover ISBN
978-1-137-43961-1
Edition Number
1
Number of Pages
XIX, 315
Number of Illustrations and Tables
26 b/w illustrations
Topics