Should Parents Assume Equal Responsibility When Raising a...

For thousands of years until today, the best way to officially be the partner of someone is through marriage. People have practiced marriage for thousands of years. Many cultures see marriage as the best method to celebrate the love of a couple until death tears them apart. â€Å"Marriage establishes and maintains family, creates and sustains the ties of kinship, and is the basis of community† (Rowe 2). Marriage is a concept bigger than ones happiness and it is the basic for creating a peaceful home for the family. â€Å"This sense of home requires the dynamic participation of both women and men--the women to mother and the men to father--to fulfill the daily roles of teaching, nurturing and protecting children† (Rowe 2). Your parents’ have an†¦show more content†¦PAGE 2 When you are a child, you are weak and consequently you need both of your parents love and support. What happens if one parent does not put the same effort at raising a child? It is ver y possible for the child to lose the side, potentially leading to a family breakdown. It is very essential that both parents share their duties equally. In order for a child to be a psychologically balanced person it is essential to have a powerful relationship with his/her parents and be in a supportive environment. â€Å"Also, parents should have a good communication with their children and listen to them what they say† (Korkmaz 4). It is very important for the children to know that they are being respected, and their thoughts are taken into consideration.† The time children spend with parents is thought to be important for their cognitive and social-emotional development (Erkal, Copur, Dogan, Safak 2).† While, it is true that a mother should give a sense of nurturing to children when they deal with people, the father’s role is inevitable in building the child’s personality. If a child is nurtured only by one parent they may feel far away from th e other parent and may find other dangerous ways to make up for that loss. It is very important that parents have an equal hand in caring for their child. This wouldShow MoreRelatedShould parents assume equal responsibilities when raising a child?1330 Words   |  6 Pageschildren† ( 2). Parents have an obligation to take care for children, so that when they grow up they are able to become a person who is strong enough to support himself. But there are different opinions whether raising a child should be shared equally between parents. One group thinks that it is essential for a child to grow up with the love and care of both parents. Meanwhile, others believe that child raising should be shared in a way that suits the family. While single parents argue that evenRead MoreShould both Parents Take Equal Responsibility in Raising a Children728 Words   |  3 Pagescondition, and they have a lot of responsibilities against themselves and against people who leave around them. Aft er any couple married they start sharing every responsibility in their life and their life became as a farm: the father is farmer and the mother is a land and the children are the seeds and both parents should take care of these seed as they grow. In fact, there is argument in these important issue that is both parents should assume equal responsibility for raising children. However, some peopleRead MoreShared Parenting and Family Law1608 Words   |  6 PagesWhat is your topic? My Topic is Both parents should assume equal responsibility in raising a child. shared parenting is a controversial topic in family law. It generally refers to the presumption that children of divorced or separated parents should spend an equal (or almost equal) amount of time with each parent. The concept has largely been promoted by fathers organisations that contend that a childs life is enhanced if both parents continue to be significantly involved in the childs lifeRead MoreA Case for Shared Parenting1644 Words   |  7 Pagesï » ¿A Case for Shared Parenting As a child of divorced parents growing up the in the nineties in New York City, I was hardly a minority. Approximately half of all kids my age had divorced parents and it generally wasnt considered strange or a big deal. From this pool of divorced kids whose parents had divorced for a variety of reasons, there was one thing they all had in common, as far as I knew, the majority of custody had been granted to the mothers in nearly all of the situations. This has generallyRead MoreThe Expression And Parental Responsibility1443 Words   |  6 Pages The expression â€Å"Parental Responsibility† (PR) marks a revolution in the Children Act 1989, aspiring to alter the parent-child relationship from rights to duties and responsibilities. This terminology justified the House of Lords’ decision in Gillick v West Norfolk and Wisbech AHA where Lord Fraser commented: â€Å"[Parental rights†¦ do not exist for the benefit of the parent†¦ rather to enable the parent to perform his duties towards the child†¦] . In accordance, s3 Children Act 1989 (CA 1989) definedRead MoreFeminism Is A Very Loaded Word886 Words   |  4 Pagesdefinition for it. Generally, it is defined as equality between men and women. Women and men should have equality within the house and as mothers and fathers. Children rely much on mothers because of the reproductive labor that is traditionally done by them. As such, they need to be included in such a discussion. Within a household, women and men, mothers and fathers, have different roles and responsibilities, much of which are based on the person’s gender. Typically, women or mothers are â€Å"responsibleRead MoreThe Family Of A Family1373 Words   |  6 PagesA father and a mother provide an atmosphere in which to live, grow, and develop. The family culture is established by the parents and instilled in the children during their upbringing. A healthy family, is a family that follows a set of strong morals, stays loyal to one another, cooperates, and works together to avoid household differences. An environment where there is openness amongst family members is ideal because minds that are open are more liable to preventing any anger that their adolescentsRead MoreSusan Moller Okin s Justice, Gender And The Family1738 Words   |  7 Pagesongoing inequality between the sexes and suggest a different type of solution to Okin’s. Explain and critically evaluate their causal argum ents. Which side has the better causal arguments, Okin or Kay/Shipman? Based on the strength of the argument, should we try Okin’s solution to the problem of workplace inequality or take a different approach? Argue for your view on this issue. In this paper, I will demonstrate, with the use of examples, that the causal factors which keep women of our society fromRead MoreEssay on Private Schools Will Not Fix the American Education System1422 Words   |  6 Pagesthat all members of society should have equal access to education. Also crucial was the notion that a basic common education was essential for a true democracy. This revolutionary system is now in indisputable trouble. Many worry about America’s ability to compete with foreign countries while others address the growing dichotomy between the quality of education in different economic areas. Recent rural shootings have only exasperated the problem, and caused many parents to entirely abandon the publicRead MoreShould Abortion Be Legal?1052 Words   |  5 Pagessome people, it should be a fundamental right for women to control their own bodies. Abortions are one of the many things that everyone has an opinion on. It is one of the most controversial topics anyone will not agree upon. When abortion is discussed, people tend to assume one of two positions: â€Å"pro-life† or â€Å"pro-choice.† Pro-life is the view that the woman should not have the ability to terminate a human life. Pro-choice is the belief that the woman carrying an unborn baby should be given the right

Chapter 1 Apush Notes [Americas History] - 2669 Words

Chapter 1: The New Global World Intro Before the French Natchez people complained that French treated them like slaves Before 1490s Natchez only knew their people 1502: Nicolas de Ovando replaced Columbus as governor of Hispanola His fleet of ships carried Span adventurers/African slaves which created triracial societies 1949-- Columbus unleashed 200 troops w/ 20 on horseback to terrorize the natives b/c he was upset he couldnt govern Also released greyhounds to rip indians to pieces French killed hundreds of Natchez and sold survivors into slavery-- forced to work on sugar plantations The Native American Experience The First Americans 1st movement-- Migrants from Asia crossed 100 mile wide land bridge that connected†¦show more content†¦eritance developed among some eastern Indian peoples Men did not consider wives family No intimacy Religious rituals were centered on the agricultural cycle Tradition-Bound Europe European Peasant Society 1450- most people peasants Lived in small,compact agricultural villages surrounded by open fields Fields were divided inconveniently--cooperative farming Community chooses what crops will be grown Manorial lands Land in exchange for weekly work on a lord’s land--serfdom Used labor in exchange for rent/land Peasant output produced surpluses and created a local market economy The Peasantry Life according to season Agricultural year starts in March Spring: men shave wool--women spin it into yarn June: cut hay and store it for winter food for livestock Summer: easy going Winter: killed extra livestock and smoked/salted meat Cold months: Wove textiles Visited old friends Celebrated winter solstice/christmas More successful conceptions in early summer Rural people die: in January/February --viral disease August/September in epidemics of fly-borne dysentery The Peasants Fate Most peasant-- labor = survival Babies called greedy Girls were not fed as much as boys 1/2 of all peasant children were dead before 21 Malnourishment and disease Without many basic necessities of life the peasants turned to prayer Hierarchy and Authority Princes/Kings: Owned vast tracts of land Forced men into military Lived off of peasantry labor Local nobles:

Life circle theory of saving Free Essays

The life Circle Theory of Saving teaches about the modalities, guidelines, and strategies in which   families, governments, institutions should save, plan and manage their financial assets to span and cut across their entire life time. In the case of a family or household, it posits on how they should manage their financial assets in a transferable manner to cut across different times in their life circle, taking into cognizance the need to save and provide for retirements, as well as their children’s education, buy insurance, among other needs. According to  Ã‚   Zvi, B, Jonathan, T. We will write a custom essay sample on Life circle theory of saving or any similar topic only for you Order Now Wiillen P. (2004), this also relates to a companies assessment as to what to choose as the default asset allocation for a compulsory retirement saving plan. This theory poses various questions to people and deals with such fundamental issues as to how much of their earned income they should save for the future; how to invest what they save; the type of risk they must provide insurance,   incase of any eventuality; are they to buy a house or rent one; is it better to get a fix rate mortgage or bargain for an adjustable one. As Zvi B. (May 2007) observed, the theory not only concerns families, but government policy makers and firms that provide life circle serves, and even educator who help counsel   the public to make informed choices. LIFE CIRCLE THEORY AND AGGREGATE SAVING IN AN ECONOMY This concept of life circle theory is useful in understanding the aggregate saving in an economy. According to Hayashi, F. (2007), aggregate saving is calculated as average saving for all age brackets in the population of a particular nation. This is expected to be the same or equal to the aggregate savings in the national account. In practical terms, saving is the difference between disposable income and consumption. It therefore goes that if households are able to increase their aggregate savings they will be in a better position to save and plan well for their life circle. Floden, M. (Date not available) defines aggregate saving in a general equilibrium model in an economy, as a situation, â€Å"Where infinitely lived households face volatile income paths, holds a risk-free asset, and face a liquidity constraints†. In any economy, when individual income, or organizational income varies, or differs, then the aggregate equilibrium capital will be larger than when it is constant. He posits further that when income is stochastic, the equilibrium capital stock is always larger than when it is constant. National savings largely depends on the rate of growth and development of national income. However, the purpose of life circle theory is not to provide clear cut answers, instead it is to give a framework for individuals, policy makers and financial planners to provide solutions to the questions posed- as indicated above. The huge variation in household income and in the aggregate savings in the economy will determine how planners (as well as families) will fine tune their advise to suit whatever purpose they want to serve. DEFINITION OF INCOME. The Wikipedia gave various definitions of income, but basically, income, defined in general terms, is the money that is received as a result of normal business activities of an individual; or money received from employment by way of employment by way of salary, wages, tips, as well as profits, dividends from financial investments, as interests, capital gains, or other sources as in social security or premiums. Income also is the money received from labor, services rendered, sale of property or goods or from investment made. There are diverse elaborate definitions of income, but we shall make do with the above definition for the purpose of this paper. PERMANENT INCOME AND LIFE CIRCLE MODELS. In the view of Roberts, S. (date not available), this is a situation where people base their consumption on what they believe to be their regular income. So, they try to maintain a fairly constant and stable standard of living, even though their earnings may vary either on monthly or yearly basis. This happens in a way that their spending pattern are fairly constant irrespective of increases or decreases in their earned income. This hypothesis was developed by Milton   Friedman in 1957. If people perceive that a change in income is temporary, their spending may not change, but if they observe it is permanent, it may vary slightly on the average. DEMOCRAPHIC FUNDAMENTALS   AND FLOW OF SAVING The demographic fundamentals as it relates to flow of savings in life circle theory is based on the premise that young people borrow money, they middle aged class save their money, while the old people (elderly) run down or spend their savings.   Consequently, a nation with large population of middle age will have high savings, especially as people prepare to retire. Concerning the relationship between the demographic fundamentals and the bond marker, when the savings supply is high as a result of the high population of the middle age savings, the price of stocks and bonds falls. Also, when the supply is low, yield equally increases. INTEREST RATE EFFECT ON SAVING AND LIFE CIRCLE MODEL. Naturally, interest rate, which is the rate of the fee paid on borrowed asset, would always adjust to level up with investment and savings. Increase in interest rate affects how much income left for consumption. If the interest rate is increased it means less money for consumption and investment, whereas, it is increased there will be likelihood of slight increase or constant level of consumption and investment. It goes therefore to say that a rise in saving would bring about a fall in interest rate, thereby encouraging investment. Inn life circle theory, the lower the interest rate, the more likely consumption will increase, as well as investment. Both in individuals as well as institutions. According to an extensive review by Modigliani, FF Albert, A. (March 2005), in a world congress of the Economic Society in Barcelona in 1990. In trying to assert a comprehensive and standard evidence on saving and growth in a developing economy, he said that, â€Å"Both growth and demographic structures are powerful predictors of national saving, with little or no role for the level of national income†. WEALTH EFFECT ON LIFE CIRCLE MODEL The level of wealth in an economy bears a simple relation to the length of the retirement span, which is the middle age, the very class that saves money the most. It is also true to say that the consumption of a household is also dependent solely on the present value of their lifetime income. For example, if two investors separately have the same total wealth (monetary wealth) working life, and are equally expectant of some sources of income in their remaining working life, their consumption decisions will be similar or same, not minding their income profile. REEFERENCE 1. Albert, A. Modighiani, F, (March 2005). The Life Circle Hypothesis of Saving: Aggregate Implication and Tests. American Economic Review. 53 (1) 55-84. Angus Deaton. â€Å"Research Programme in Development Studies and Center for Health and Wellbeing. Princeton University. www.princeton.edu/ 2. Floden, M.www.ideas.repec.org/p/hhs/hastef/0591.html 3. Hayashi, F. (2007) Understanding Savings: Evidence from the United States and Japan. MA. MIT Press, 55 Haywad Press. Page 305. ISBN-10: 0-262-08255-1 4. Zvi, B. Jonathan T. Willen P. (2004). The Theory of Life- Circle Saving and Investment. Public Policy Discussion Paper. No. 07-3 5. Zvi B. (May 2007) 6. www.wikipedia.com 7.Robert S. Permanent-Income hypothesis,   published in www.wikipedia.org How to cite Life circle theory of saving, Essay examples

Life circle theory of saving Free Essays

The life Circle Theory of Saving teaches about the modalities, guidelines, and strategies in which   families, governments, institutions should save, plan and manage their financial assets to span and cut across their entire life time. In the case of a family or household, it posits on how they should manage their financial assets in a transferable manner to cut across different times in their life circle, taking into cognizance the need to save and provide for retirements, as well as their children’s education, buy insurance, among other needs. According to  Ã‚   Zvi, B, Jonathan, T. We will write a custom essay sample on Life circle theory of saving or any similar topic only for you Order Now Wiillen P. (2004), this also relates to a companies assessment as to what to choose as the default asset allocation for a compulsory retirement saving plan. This theory poses various questions to people and deals with such fundamental issues as to how much of their earned income they should save for the future; how to invest what they save; the type of risk they must provide insurance,   incase of any eventuality; are they to buy a house or rent one; is it better to get a fix rate mortgage or bargain for an adjustable one. As Zvi B. (May 2007) observed, the theory not only concerns families, but government policy makers and firms that provide life circle serves, and even educator who help counsel   the public to make informed choices. LIFE CIRCLE THEORY AND AGGREGATE SAVING IN AN ECONOMY This concept of life circle theory is useful in understanding the aggregate saving in an economy. According to Hayashi, F. (2007), aggregate saving is calculated as average saving for all age brackets in the population of a particular nation. This is expected to be the same or equal to the aggregate savings in the national account. In practical terms, saving is the difference between disposable income and consumption. It therefore goes that if households are able to increase their aggregate savings they will be in a better position to save and plan well for their life circle. Floden, M. (Date not available) defines aggregate saving in a general equilibrium model in an economy, as a situation, â€Å"Where infinitely lived households face volatile income paths, holds a risk-free asset, and face a liquidity constraints†. In any economy, when individual income, or organizational income varies, or differs, then the aggregate equilibrium capital will be larger than when it is constant. He posits further that when income is stochastic, the equilibrium capital stock is always larger than when it is constant. National savings largely depends on the rate of growth and development of national income. However, the purpose of life circle theory is not to provide clear cut answers, instead it is to give a framework for individuals, policy makers and financial planners to provide solutions to the questions posed- as indicated above. The huge variation in household income and in the aggregate savings in the economy will determine how planners (as well as families) will fine tune their advise to suit whatever purpose they want to serve. DEFINITION OF INCOME. The Wikipedia gave various definitions of income, but basically, income, defined in general terms, is the money that is received as a result of normal business activities of an individual; or money received from employment by way of employment by way of salary, wages, tips, as well as profits, dividends from financial investments, as interests, capital gains, or other sources as in social security or premiums. Income also is the money received from labor, services rendered, sale of property or goods or from investment made. There are diverse elaborate definitions of income, but we shall make do with the above definition for the purpose of this paper. PERMANENT INCOME AND LIFE CIRCLE MODELS. In the view of Roberts, S. (date not available), this is a situation where people base their consumption on what they believe to be their regular income. So, they try to maintain a fairly constant and stable standard of living, even though their earnings may vary either on monthly or yearly basis. This happens in a way that their spending pattern are fairly constant irrespective of increases or decreases in their earned income. This hypothesis was developed by Milton   Friedman in 1957. If people perceive that a change in income is temporary, their spending may not change, but if they observe it is permanent, it may vary slightly on the average. DEMOCRAPHIC FUNDAMENTALS   AND FLOW OF SAVING The demographic fundamentals as it relates to flow of savings in life circle theory is based on the premise that young people borrow money, they middle aged class save their money, while the old people (elderly) run down or spend their savings.   Consequently, a nation with large population of middle age will have high savings, especially as people prepare to retire. Concerning the relationship between the demographic fundamentals and the bond marker, when the savings supply is high as a result of the high population of the middle age savings, the price of stocks and bonds falls. Also, when the supply is low, yield equally increases. INTEREST RATE EFFECT ON SAVING AND LIFE CIRCLE MODEL. Naturally, interest rate, which is the rate of the fee paid on borrowed asset, would always adjust to level up with investment and savings. Increase in interest rate affects how much income left for consumption. If the interest rate is increased it means less money for consumption and investment, whereas, it is increased there will be likelihood of slight increase or constant level of consumption and investment. It goes therefore to say that a rise in saving would bring about a fall in interest rate, thereby encouraging investment. Inn life circle theory, the lower the interest rate, the more likely consumption will increase, as well as investment. Both in individuals as well as institutions. According to an extensive review by Modigliani, FF Albert, A. (March 2005), in a world congress of the Economic Society in Barcelona in 1990. In trying to assert a comprehensive and standard evidence on saving and growth in a developing economy, he said that, â€Å"Both growth and demographic structures are powerful predictors of national saving, with little or no role for the level of national income†. WEALTH EFFECT ON LIFE CIRCLE MODEL The level of wealth in an economy bears a simple relation to the length of the retirement span, which is the middle age, the very class that saves money the most. It is also true to say that the consumption of a household is also dependent solely on the present value of their lifetime income. For example, if two investors separately have the same total wealth (monetary wealth) working life, and are equally expectant of some sources of income in their remaining working life, their consumption decisions will be similar or same, not minding their income profile. REEFERENCE 1. Albert, A. Modighiani, F, (March 2005). The Life Circle Hypothesis of Saving: Aggregate Implication and Tests. American Economic Review. 53 (1) 55-84. Angus Deaton. â€Å"Research Programme in Development Studies and Center for Health and Wellbeing. Princeton University. www.princeton.edu/ 2. Floden, M.www.ideas.repec.org/p/hhs/hastef/0591.html 3. Hayashi, F. (2007) Understanding Savings: Evidence from the United States and Japan. MA. MIT Press, 55 Haywad Press. Page 305. ISBN-10: 0-262-08255-1 4. Zvi, B. Jonathan T. Willen P. (2004). The Theory of Life- Circle Saving and Investment. Public Policy Discussion Paper. No. 07-3 5. Zvi B. (May 2007) 6. www.wikipedia.com 7.Robert S. Permanent-Income hypothesis,   published in www.wikipedia.org How to cite Life circle theory of saving, Essay examples