Family Economics

Researchers in family economics recognizes that households operate as economic entities with unique preferences, goals, and constraints. Faculty explores how individuals and families navigate complex economic choices, analyze their behaviors, and investigate the impact of various influences, including societal trends, policy changes, and cultural factors, on the well-being of families. Faculty and graduate students conduct research that:

• Examines the division of labor among family members
• Explores how families manage their financial resources and allocate them among different needs and priorities, including savings, investments, and consumption, etc.
• Studies intergenerational relationships and transfers of resources between different generations within a family
• Focuses on the demographic aspects of families, including family size, structure, and changes over time and consider how demographic factors influence economic decisions and well-being within households
• Examines the economics factors influencing marriage decisions, household formation, and economic consequences of different family structures.
• Focuses on the economic aspects of health-related decisions within families, including healthcare utilization, long-term care, insurance choices, and the economic impact of health events on households

Each branch contributes to a holistic understanding of the economic dynamics within families, recognizing the interconnectedness of economic decisions, social structures, and individual well-being. FCS faculty are engaged in various research activities in the area of family economics

All research categories