Economics Of Household Non Market Behaviour
by T Lakshmanasamy
| Publisher | BOOKWELL |
| Publication Year | 2014 |
| ISBN-13 | 9789380574516 |
| ISBN-10 | 9380574517 |
| Price | Rs. 1195.00 |
| Binding | Hardcover |
| Number of Pages | 361 Pages |
About the Book
This book analyses the economics of household behaviour with
respect to non-market activities and the household decision making processes.
The household engages itself in many non-market activities, apart from the
income earning market activities. These non-market activities involve many
inter- and intra-household relationships among the family members and with the
society. The household relations are seen as a deliberate strategy designed by
the household itself either for survival or for smoothing income flows and
consumption streams in the face of risks and threats to normal income
generating resources. Many non-market activities of the household like having
more number of children, marital relations, migration and remittances,
education of children and innovating agricultural production are some of the
diversification assets in the household income portfolio for spreading risks.
This diversification strategy insures against the risks to income flows and
consumption streams, minimises the vulnerability to covariate risks and
prevents the complete collapse of the family.
Highlighting the significant contribution of education to
economic growth and development, this book also discusses the issues in
financing of education, the costs and pricing of education, the measurement of
academic learning by students, choice and participation of women in education,
educational infrastructure and the willingness to pay for education. It is
observed that the mechanisms of subsidising education is a tricky issue, the
finances for education are becoming inadequate and the households are willing
to pay more for education as education confers substantial private and social returns
to the investments.
The book is intended to be a reference material for the
study on the decision making and behaviour of the household with respect to
non-market activities that are economically productive.
About the Author
Dr. T. Lakshmanasamy is a Professor in the Department of
Econometrics, University of Madras since 2004. He is currently in charge of the
Controller of Examinations in the University of Madras. During 2012, he was
also in charge of the Director, Agro Economic Research Centre, and Head,
Department of Economics in the University of Madras. Before joining the
Econometrics faculty in 1990, he was a faculty at the Gokhale Institute of
Politics and Economics, Pune during 1988-1990. He was awarded Masters Degree in
Economics in 1982 and Doctorate degree in Econometrics in 1988 by the
University of Madras. He was awarded the Rockefeller Foundation Special Post
Doctoral Fellowship in 1992 and worked at the University of Southern
California, Los Angeles, USA. He has visited the University of South Pacific,
Suva, Fiji Islands in 2005, and was invited by the International Union for the
Scientific Study of Population for the 26th International Population Conference
at Marrakech, Morocco in 2009 and for the 27th International Population Conference
at Busan, South Korea in 2013. His specialisations include Applied
Econometrics, Population Economics, Development Economics, Economics of Human
Behaviour, Economics of Education, Economics of Discrimination, Economics of
Social Networks, Economics of Happiness, Behavioural Economics, and
Neuroeconomics. He has undertaken major research projects on Financing of
Higher Education funded by the Planning Commission, and Marriage and Age at
Marriage of Females funded by the UGC. He has published three books on the
Methodology of Applied Economic Research, Economics of Human Behaviour, and
Population Dynamics and Human Development. He has more than 125 publications in
reputed Journals and Books and presented research papers in 25 International
Conferences and in more than 100 National Conferences. He has delivered
lectures extensively on econometric methods and applications, development
economics, economics of human behaviour and household decisions, recent
developments in economic theory, and economic methodology, and has been a
Resource Person for a number of Seminars and Research Methodology courses. His
research works quantitatively analyse economic and social issues using a
variety of econometric methods. His econometric works on discrimination and
social issues, household decision making, and efficiency analysis are widely
quoted.
