In the context of Asia, household economics are particularly significant due to the belief that Asian culture, with its emphasis on family values, plays a central role in economic development. This book examines the relationship between household economics, the family and the emergence of strong Asian economies from a socioeconomic perspective. Characteristics of Asian economies excluded from traditional models are analysed, thereby constructing new models which incorporate modified assumptions consistent with Asian families and economies. This reissue features a new introduction by the editors.

Economics has the capacity to offer us deep insights into some of the most formidable problems of life, and offer solutions to them too. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. He compares the obstacles facing them, and the processes that shape their lives, their families, and their futures. He shows how economics uncovers these processes, finds explanations for them, and how it forms policies and solutions. Along the way, Dasgupta provides an intelligent and accessible introduction to key economic factors and concepts such as individual choices, national policies, efficiency, equity, development, sustainability, dynamic equilibrium, property rights, markets, and public goods. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

China’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.

Families in Asia provides a unique sociological analysis of family trends in Asia. Stella R. Quah uses demographic and survey data, personal interviews and case studies from China, Hong Kong, Japan, South Korea, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam to provide a wide-ranging comparative analysis of family trends and the role of the state and social policy. Focusing on the most relevant and significant aspects of family and kin, chapters include: Concepts and research trends Family forming Parenthood Grandparenthood Gender roles in families Marriage breakdown The impact of Socio-economic development This new edition has been updated and expanded throughout and includes new material on dowry, singlehood, adoption, the transformation of the senior generation, changes in family courts and the role of the state in family wellbeing. Families in Asia will be the perfect companion for students and scholars alike who are interested in family sociology, public and social policy, and Asian society and culture more broadly.

Today, more American women than ever before stay in the workforce into their sixties and seventies. This trend emerged in the 1980s, and has persisted during the past three decades, despite substantial changes in macroeconomic conditions. Why is this so? Today’s older American women work full-time jobs at greater rates than women in other developed countries. In Women Working Longer, editors Claudia Goldin and Lawrence F. Katz assemble new research that presents fresh insights on the phenomenon of working longer. Their findings suggest that education and work experience earlier in life are connected to women’s later-in-life work. Other contributors to the volume investigate additional factors that may play a role in late-life labor supply, such as marital disruption, household finances, and access to retirement benefits. A pioneering study of recent trends in older women’s labor force participation, this collection offers insights valuable to a wide array of social scientists, employers, and policy makers.