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- W3125581292 abstract "Recently, family issues have received much attention from politicians and social commentators. The debate has centered, for the most part, on the decline of “family values” and the commensurate decline of “work ethic” among partcipants in the labor market. Although economists have no way of measuring values or work ethic directly, they may nonetheless be able to find evidence of changes invalues and workethic to the extent that these changes affect different markets. An extensive literature on the economics of the family has emerged over the past 20 years that documents and analyzes economic interactions between family members, such as bequests and gifts, or inter vivos transfers. When it comes to showingthe impact of these family interactions on labor and financial markets, however, economists for the most part have remained on the side]ines. In this paper, we bring economics to the heart of the discussion of family values by using the insights gleaned from existing and recent work on the family to forge and highlight the integral link between the family and the market." @default.
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- W3125581292 date "1997-12-01" @default.
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- W3125581292 title "The market value of family values" @default.
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