Tag: married couples
What can go wrong? Being in a couple complicates your decision-making. From an economist’s perspective, one advantage of marriage is the financial benefits. Marriage allows risk sharing between partners (e.g., one partner can work more if the other loses their job) and allows couples to take advantage of returns to scale (i.e., it’s cheaper to…
The more the Great Recession recedes in the rearview mirror, the clearer is the damage sustained by the workers born in the final years of the baby boom. These so-called late boomers were between 42- and 47-years-old when the recession hit. Their careers were just hitting their stride when they were slammed by the downturn…
