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Fundamentals. The Seasons for Growing Reap What You Sow.

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Presentation on theme: "Fundamentals. The Seasons for Growing Reap What You Sow."— Presentation transcript:

1 Fundamentals

2 The Seasons for Growing

3 Reap What You Sow

4

5 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

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

7 (1) Fertility

8 Fertility : Western Nations

9 Weekly Worship vs. Fertility

10 Baby Boom Retirement Begins

11 Decreasing Human Contribution to GDP Growth

12

13 (2) Human Capital

14 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

15 Education ( SCHOOL )

16 MEDIAN LIFETIME EARNINGS Source: http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/collegepayoff-complete.pdfp. P. 3

17 Lifetime Earnings by Education Achieved

18 Marriage Belonging vs Rejection

19 2.9 2.6 2.5 2.6 2.5 2.30 2.40 2.50 2.60 2.70 2.80 2.90 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.

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22 $100 $27 $127 0 20 40 60 80 100 120 140 Comparative Income % Average Unmarried MalePremiumAverage Married Male Marriage Premium in Male Income Source Antovics, K. & Town, R. Am Econ Review V 94, (2004) pp 317-321 +=

23 US Total (Males) 1982-2010 % “Unskilled” Not Working: single Cohab Married

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

25 Retreat from Marriage: Black Men (25-54) by Education Level 1970-2010)

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

27 Proportion of Married Heads of Households 1960-1990

28 Growth in Productivity: Down MARRIED DIVORCED SINGLE

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

30 Male Employment 1962-2010 Males aged 25-54; Bureau of Labor Statistics (CPS)

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32 Family Intactness in USA

33 Index of Belonging and Rejection USA

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36 Worship of God ( Religion)

37 MEDIAN LIFETIME EARNINGS Source: http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/collegepayoff-complete.pdfp. P. 3

38 2.9 2.6 2.5 2.6 2.5 2.30 2.40 2.50 2.60 2.70 2.80 2.90 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.

39 2.9 2.8 2.7 2.6 2.45 2.50 2.55 2.60 2.65 2.70 2.75 2.80 2.85 2.90 Average GPA Enligsh/Math Combined WEEKLY+<LESS THAN MONTHLYNEVER GPA (English & Math) by Religious Practice Source: Adolescent Health Survey, Wave I. Adolescents grade 7-12. WEEKLY+ MONTHLY+

40 GPA

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

45 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.

46 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.

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48

49 ?

50 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

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

52 EVERYTHING ELSE FALLS IN PLACE

53 EVERYTHING

54 marri@frc.org


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