Home
/
RELIGION & LIBERTY ONLINE
/
Why Do Economists Urge College But Not Marriage?
Why Do Economists Urge College But Not Marriage?
Sep 19, 2024 6:32 PM

From an economics perspective both getting a college degree and getting married are beneficial for one’s earning potential. So why do economists promote the college wage premium while downplaying or ignoring the marriage wage premium? As Pascal-Emmanuel Gobry says,

In contemporary societies, there is a strong college wage premium. That is to say, people who go to college make more money on average than people who don’t. While a minority of economists (including Cowen) have questioned why this premium should exist, the majority of economists generally take the existence of this college wage premium to mean that college is good and important, that more people should go to college, and that public policy has some role to play in promoting and subsidizing college attendance. I would bet a goodly sum of money that if you picked at random ten tenured economists from top-20 economics departments, and asked them to list what an 18-year-old should do to increase his chances of getting high wages, a majority would say “go to college.”

There also exists a marriage wage premium, which is roughly as significant and as consistent as the college wage premium. To say that the marriage wage premium doesn’t get the same amount of attention is an understatement. Economists recoil at the idea of praising marriage and supporting public policies that increase marriage. They are much more likely to dismiss the marriage wage premium as reflecting selection bias (it’s not that marriage makes people earn more money, it’s that people who would have earned more money anyway tend to get married) or intone that “correlation is not causation”–criticisms that apply equally to analyses of the college wage premium. I would bet a goodly sum of money that if you picked at random ten tenured economists from top-20 economics departments, and asked them to list what an 18-year-old should do to increase his chances of getting high wages, none of them would say “get married and stay married”–even though the data on the marriage wage premium supports this conclusion to the same extent as it does going to college.

Gobry posits that the reason is bias: economists have an education bias because to e an economist requires numerous years of higher education and they have a liberal-cosmopolitan bias against government encouraging people to make intimate choices.

I think this is generally correct. Almost every marriage promoting economist I’ve ever seen has been politically conservative and/or Christian. In other words, they have pro-marriage biases that are as strong, if not stronger, than their education bias. I also believe this is why the heated debates in our country over social issues have a parallel in the economic realm. The “Culture War” is a heated clash while the economic-social is still a Cold War struggle. But they both are rooted in modern society’s two primary principles which are, as James Matthew Wilson says, autonomy of appetite and free consent. Because marriage and family limit our autonomy of appetite (and our free consent in engaging in the modern sexual buffet), it is considered by many elites to be gauche, if not downright immoral, to imply that people should voluntarily restrict their intimate choices by signing up for a (potentially) mitment.

This also explains why, as Gobry notes, economists tend to “almost exclusively focus on productivity growth pletely ignore population growth” despite the fact that population growth leads to economic growth.

Economists have countless ideas on how government might do things to improve productivity growth, but the idea of using government to improve population growth is, quite simply, taboo. If economists are biased by a perspective which finds the idea of natalist policy squeamish, this makes perfect sense. If economists are dispassionate analysts, it doesn’t.

Of course, economists with a liberal-cosmopolitan perspective could certainly not openly endorse, much less propose, pro-natalist policies. That is why their preferred method is population growth is increased immigration: they want to take advantage of other countries pro-natalist attitudes.

We’re unlikely to change the minds of economists who have biases against getting married and having babies. But we need to be aware that such biases exist. By understanding that certain policies aren’t preferred solely because they are the optimal option, we can counter with our own preferred—and admittedly biased—approaches to economic and social policy. We may not be able to take bias out of economics, but we can at least insure the right biases are put in.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Laudate Deum: Or, Is the Catholic Church Just Another NGO?
Is there a way to balance economic growth and sound environmental stewardship? If only Pope Francis would take his own advice. Read More… If there is anything we have learned about Pope mentaries on issues ranging from economics to the environment, it is that they invariably add up to a by-now predictable mixture. Parts of this mélange consist of often profound insights and wisdom. But it also reflects straw man arguments, the random assembling of pieces of data plucked out...
Willmoore Kendall and the Meaning of American Conservatism
Less well-known than Kirk and Buckley, the pugnacious and discerning Kendall is nevertheless a voice that needs to be revived in the present fractious moment. Read More… In our moment, the nature and meaning of conservatism is disputed, sometimes hotly, and it’s unsurprising to observe participants turn to history for wisdom or support. Either in praise or vilification, current schools frequently mention John Courtney Murray, Russell Kirk, Frank Meyer, Irving Kristol, and William F. Buckley (obviously), among others. The appropriation...
John Newton: From Slave Trader to Abolitionist Pastor
The story of John Newton’s conversion is legendary. His hymns, like “Amazing Grace,” perennial favorites. His pastor’s heart, exemplary. His fight for an abolition of the slave trade, monumental. But none of this came quickly or easily. Read More… John Newton (1725–1807) is a pivotal figure in the English evangelical revival or awakening. His is an early example of a settled evangelical ministry in the second half of the 18th century, involving pastoral work, hymn-writing, and even mentoring the likes...
Is Neoliberalism Dead?
The Chilean Miracle of the 1990s is usually pointed to as a win for the Chicago School of economics, which advocated laissez faire capitalism, limited regulation, and cuts in government spending. But that was then, and this is the era of Bidenomics and a “post-liberal” New Right. Are free markets as dead as General Pinochet? Read More… Louis Menand wrote a curious article for the New Yorker called “The Rise and Fall of Neoliberalism.” The article is curious on two...
Getting Beyond Right-Wing and Left-Wing
The stark polarization that marks our politics may be more a misclassification of certain positions. A little history lesson is in order. Read More… Back in the 1970s, Sixty Minutes had a regular feature called Point/Counterpoint, which came at the end of every show. Each week there would be a different topic. Journalist Shana Alexander would present a standard-issue “liberal” version of the argument while James J. Kilpatrick assumed the “conservative” side. Although the sparring partners sniped at one another,...
How Did George Orwell Know?
For those trapped behind the Iron Curtain, Orwell’s Nineteen Eighty-Four seemed more a documentary than a work of dystopian fiction. How did a man who had never traveled munist Russia get so much so right? Read More… The collocation in the title captures the thoroughgoing exploration of the topic in a phrase: George Orwell and Russia. Masha Karp is not the first to ponder George Orwell’s relationship to Stalinist Russia—and the relationship of both Stalinist and munist Russia to Orwell—but...
No, Chicago, We Don’t Need Government-Run Grocery Stores
After Walmart shuttered locations due to rising crime, the mayor of Chicago decided the answer was to … open their own grocery stores. What could go wrong? Read More… The city of Chicago is plagued by waves of violence, looting, and plunder dating back to 2020, which was deemed “the summer of looting” by the Chicago Tribune, spurred by the murder of George Floyd while in police custody amid COVID lockdowns. That summer, the Chicago police superintendent called for longer...
Tom Wolfe and the Strangeness of America
A new documentary about the parable novelist and social critic demonstrates, however unintentionally, why we’ll probably never see the likes of Wolfe again. Read More… Conservatism doesn’t really produce or nurture writers nowadays. The notable exception in the past couple of generations is Tom Wolfe, who died in 2018. Wolfe was universally beloved. He sold millions of copies of his various writings. Wolfe had a distinctive Southern-gentleman plete with “trademark white suit and vest, a high-necked blue-and-white-striped plemented by a...
Claudia Goldin Is the Ideal Academic Researcher
The latest recipient of the Nobel Memorial Prize in Economic Sciences has contributed much useful data in understanding the role of women in the workforce. Her restraint in policy prescriptions may, in fact, be her greatest contribution of all. Read More… Harvard’s Claudia Goldin is our newest Nobel laureate in economics. Her accumulated efforts have helped us better understand women’s roles in the labor market—both historically and in contemporary society. It’s worth noting that the economics prize isn’t one of...
The Strange Death of DEI
More Americans than you think support training in diversity, equity, and inclusion. And why are more and more corporations looking beyond it? Read More… Once considered the highest rising feature of America’s business spaces, the cliffs of corporate diversity, equity, and inclusion (DEI) are slowly eroding under the reliable and unrelenting tide of American apathy. Fewer and fewer businesses are seeking to hire a chief diversity officer, and those who manage to get hired are finding their jobs often paired...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved