I use economics to investigate marriage patterns. We can imagine a marriage market in which people are "shopping" for their partners and bargain for the prices. This approach is quite useful to understand a set of observed marriage patterns. This approach offers explanations to why educated people tend to marry each other, for example.
In the last forty years, federal and state laws in the U.S. have dramatically strengthened the enforcement and collection of child support from non-resident parents. Beginning in 1975 with Part D of the Social Security Act, and followed by key pieces of federal legislation including the 1984 Child Support Enforcement Amendments, the 1988 Family Support Act, and the 1996 Welfare Reform Act.
Two acclaimed University of Chicago economists, Lars Peter Hansen and Kevin M. Murphy, have been appointed co-chairs of the Becker Friedman Institute for Research in Economics, succeeding Gary S. Becker, AM’53, PhD’55, who passed away in May. Hansen, formerly the research director for the Institute, will become its director.
Their appointments are effective immediately.
The Frisch Medal has been established by the Econometric Society to encourage the creation of good applied work and its submission to Econometrica. It is given every two years for an applied article (empirical or theoretical) published in Econometrica during the past five years.
The University of Chicago Committee on Education Milgrom Family Support Group
Division of the Social Sciences March 2014
People can behave in surprising ways. This is what two economists have shown with imaginative field experiments, tests they give of people outside the laboratory to determine how the respond in real world settings to incentives and then compare those results with the ways people respond when they don’t have the same incentives.