Family Matters: Decade Review from Journal of Family and Economic Issues
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REVIEW
Family Matters: Decade Review from Journal of Family and Economic Issues Heather H. Kelley1 · Ashley B. LeBaron2 · E. Jeffrey Hill3
© Springer Science+Business Media, LLC, part of Springer Nature 2020
Abstract This article reviews research regarding economic influences on a variety of family matters published in Journal of Family and Economic Issues from 2010 to 2019. As finances permeate nearly every facet of everyday life, scholarly research related to finances and family issues has spanned a wide array of topics. We briefly review research focused on the following 11 areas related to finances and family matters: (a) family formation decisions, (b) gender and relational power in family finances and relationships, (c) finances and fathers, (d) finances and mothers, (e) finances and parenting, (f) finances and elderly family members, (g) finances and couple relationships, (h) supporting family members financially, (i) how economic policy affects family, (j) economic roots of migration by family members, and (k) family financial socialization. As we enter a new decade, emphasis to directions for future research is given and integrated throughout. Recommendations specific to each of these topics are integrated into the discussion of the topic. Additional and more general recommendations for future research are offered as we conclude our review. Keywords Family finance · Family matters · Family relationships · Financial matters More than any other academic journal related to economic issues, family matters to the Journal of Family and Economic Issues (JFEI). As can be seen by this decade review, finances matter for all kinds of family issues—to family formation decisions (e.g., Dew and Price 2011), to parenting (e.g., Schieman et al. 2018) and eldercare (e.g., Zuba and Schneider 2013), to couple relationships (Leavitt et al. This is one of several papers published together in Journal of Family and Economic Issues on the “Special Issue on Virtual Decade in Review”. * Heather H. Kelley [email protected] Ashley B. LeBaron [email protected] E. Jeffrey Hill [email protected] 1
Human Development and Family Studies, Utah State University, Logan, UT, USA
2
Family Studies and Human Development, University of Arizona, Tucson, AZ, USA
3
School of Family Life, Brigham Young University, Provo, UT, USA
2019), etc. This influence is reciprocal: family matters for understanding economic issues and economic issues matter to families. In this decade review we synthesize findings from 40 articles in the 2010s from JFEI that highlight ways that family matters to finances and ways that finances matter to families in ways beyond the other topics in this decade review. We also explore areas that are lacking in research and suggest future directions.
Finances and Family Formation Decisions During the past decade, several articles addressed how economics and finances influence a variety of family formation decisions such as marriage and childbearing decisions. In terms of marriage decisions, Dew a
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