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

Elizabeth Ananat

No 32967, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: I3 I38 J12 J13 J18 J38 J50 J58 J63 J64 J65 J68 (search for similar items in EconPapers)
Date: 2024-09
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