Fundamentals. The Seasons for Growing Reap What You Sow.

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Presentation transcript:

Fundamentals

The Seasons for Growing

Reap What You Sow

THE 5 BASIC INSTITUTIONS Providing The Instruments Forming The Person GOV. MARKETPLACE FAMILY CHURCH SCHOOL Order Goods and Services The Person Orientation In Life Learning

Economic Growth & Production Human Contribution Population size (fertility) Human Capital (all skills) Technology Physical Contribution Capital (1% … always there …always)

(1) Fertility

Fertility : Western Nations

Weekly Worship vs. Fertility

Baby Boom Retirement Begins

Decreasing Human Contribution to GDP Growth

(2) Human Capital

THE 5 BASIC INSTITUTIONS Providing The Instruments Forming The Person GOV. MARKETPLACE FAMILY CHURCH SCHOOL Order Goods and Services The Person Orientation In Life Learning

Education ( SCHOOL )

MEDIAN LIFETIME EARNINGS Source: P. 3

Lifetime Earnings by Education Achieved

Marriage Belonging vs Rejection

Average GPA Enligsh/Math Combined INTACTSTEPCOHABIT (BOTH NATURAL) COHABIT (ONE NATURAL) DIVORCEDNEVER MARRIED GPA English/Math by Family Structure Source: Adolescent Health Survey, Wave I. Adolescents grade 7-12.

$100 $27 $ Comparative Income % Average Unmarried MalePremiumAverage Married Male Marriage Premium in Male Income Source Antovics, K. & Town, R. Am Econ Review V 94, (2004) pp =

US Total (Males) % “Unskilled” Not Working: single Cohab Married

US Total (Males) “Not Working” Professional Class single Cohab Married Unemployed Fraction of Occupation Class single Cohab Married

Retreat from Marriage: Black Men (25-54) by Education Level )

Retreat from Marriage: Black Men (25-54) Unemployment Differentials Marriage (Red) and non-Marriage (blue)

Proportion of Married Heads of Households

Growth in Productivity: Down MARRIED DIVORCED SINGLE

Number of Non-Marital Sexual Partners: Percent in an Always Intact Marriage Source: NSFG 1995

Male Employment Males aged 25-54; Bureau of Labor Statistics (CPS)

Family Intactness in USA

Index of Belonging and Rejection USA

Worship of God ( Religion)

MEDIAN LIFETIME EARNINGS Source: P. 3

Average GPA Enligsh/Math Combined INTACTSTEPCOHABIT (BOTH NATURAL) COHABIT (ONE NATURAL) DIVORCEDNEVER MARRIED GPA English/Math by Family Structure Source: Adolescent Health Survey, Wave I. Adolescents grade 7-12.

Average GPA Enligsh/Math Combined WEEKLY+<LESS THAN MONTHLYNEVER GPA (English & Math) by Religious Practice Source: Adolescent Health Survey, Wave I. Adolescents grade WEEKLY+ MONTHLY+

GPA

Economic Growth + Production Human Contribution Population size Human Capital (all skills) Technology Physical Contribution Capital (1% … always there …always)

Economic Activity is driven by the Human Capital of the Working Head of Household. Economic growth of the future is decided by the Human Capital Formation of the next generation in the household. The child is the economic agent of the future.

Who Says? Nobel Laureates: Edward Prescott (2004) Business cycle macroeconomics George Akerlof (2001) Keynesian market economics James Heckman (2000) Econometric theory of samples Robert Lucas (1995) Macro growth theory of expectations Gary Becker (1992) Neoclassical liberal micro econ behav.

?

THE 5 BASIC INSTITUTIONS Providing The Instruments Forming The Person GOV. MARKETPLACE FAMILY CHURCH SCHOOL Order Goods and Services The Person Orientation In Life Learning

The Young Intact Married Family with Children That Worships God Weekly National and Global Strategy

EVERYTHING ELSE FALLS IN PLACE

EVERYTHING