Culture
Families With A Stay-At-Home Parent Are Better Off, According To A Nobel Prize Winner In Economics
Life today is expensive, even in a household with two incomes, it can be hard to make ends meet. Especially if you have children, and the cost of childcare has only gotten more expensive. So what's the solution?
By S.G. Cheah4 min read
Gary Becker (1930 - 2014) was one of the most prolific and respected economists from the University of Chicago. In 1992, he was awarded the Nobel Prize for Economic Sciences “for having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior.”