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Lecture 15 - 03:02 Preview Benefitscompared Workandfamilies...

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03:02 Preview: Benefits compared Work and families Rise in female labor force participation: pattern and reason Mothers time with children Benefits of Marriage Marriage per se may confer additional benefits Marriage as in institution: expectation of permanence- marriage is a socially enforced  public commitment, facilitates specialization and thus increases gains, resource pooling Legal privileges, derived benefits- ex. tax breaks, alimony, pensions, social security and  Medicare Marriage provides stronger insurance function than cohabitation- because greater  stability and enforceable trust Marital role behaviors- men reduce risky behaviors Relative Merits- can we tell? Married men and women, on average are better off than unmarried people with respect  to: health, mortality, happiness, income, wealth, and violence
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