cover image: Of Markets and Marriages: A Multidisciplinary, Multibook Review Essay of Recent Work on the Causes of U.S. Poverty

Of Markets and Marriages: A Multidisciplinary, Multibook Review Essay of Recent Work on the Causes of U.S. Poverty

19 Sep 2024

I discuss recent books offering differing explanations for persistent U.S. poverty. Desmond (2023) argues that aid to low-income Americans is captured by more powerful market actors. I contextualize this concern as about incidence and consider both policies for changing incidence (by changing outside options) and supplemental critiques focused on reducing deadweight loss as well as reapportioning surplus. Kearney (2023) argues that declining marriage means American children grow up in less-resourced families. I suggest this decline may reflect shortfalls in “soft” skills needed to make marriage efficient in an era when men are increasingly a source of family economic instability while women’s outside options improve. I consider policies to improve soft skills and policies supporting family economic stability, which could reduce spousal-skill requirements. I conclude by encouraging engagement with the emerging policy feedback literature, which explores why popular, evidence-based policies like those discussed have not so far been adopted in the U.S.
public economics labor compensation labor relations labor economics labor studies poverty and wellbeing health, education, and welfare unemployment and immigration demography and aging children and families

Authors

Elizabeth Ananat

Related Organizations

Acknowledgements Disclosure
I have nothing to disclose. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.
DOI
https://doi.org/10.3386/w32967
Pages
33
Published in
United States of America

Table of Contents