ECN 340 Chapter Notes -Demand Curve, Vacuum Cleaner, New Home Economics
26 Oct 2013
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Document Summary
Marriage and divorce: the new home economics: marriage and divorce. Many couples want to marry for the mutual benefits it can bring. This is because marriage is fraught with potential costs. The discussion will focus in on how constraints on couples to stay together have greatly diminished, leading to a rise in the divorce rate. Certainly, higher incomes for women have greatly reduced one of the main constraints for a particular woman to stay in a relationship in which costs are greater than the perceived benefits. The availability of market services, such as restaurants and daycare services for children affects the cost-benefit of each of the partner. A legally enforced contract between a man and woman (or individual) Mutually working things out being flexible and divide out chores, it"s a contact like in a business firm. Without provisions or if there are disagreements it potentially results in divorce.
