the.com/household economics
the study of who does the dishes and why that decision is actually about money.
means the branch of economics analyzing how families allocate time, labor, and resources among members, including unpaid work like childcare and cleaning.
from emerged mid-20th century when economist Gary Becker got tired of markets stopping at the front door and started treating marriage, kids, and chores as rational resource allocation.
nobel-winning ideabecker won 1992 nobel partly for this framework.
unpaid labor valuehousework could add trillions to gdp if counted.
bargaining powerwhoever earns more often does less housework.
time is currencytreats hours, not just dollars, as scarce resource.