Money management Flashcards
(19 cards)
Who are the sociologist for money?
Pahl and Vogler
What do Pahl and Vogler identify?
There are 2 main types of control over family income
What are the 2 main types of control over family income?
The Allowance system
Pooling
What is the Allowance system?
Men give their wives a budget allowance
What do the wives do in the budget allowance?
They budget to meet the family’s needs
The man retains any surplus income for himself
What is surplus?
Leftover money
What is Pooling?
Where both partners have access to income and a joint bank account
What does pooling indicate?
More equality in decision-making and control over resources
Where is pooling more common?
Amongst couples where both partners work full time
But why does pooling still give men power?
The pooling income is controlled by the husband
What did Pahl and Vogler find out about pooling?
That even where there was pooling, the men usually made the major financial decision
What did Hardill do a study of?
30 dual-career professional couples
What did Hardill find?
Important decisions made by man
e.g Moving house for a new job
Who does Hardill’s study support?
Janet Finch’s observation
What is Janet Finch’s observation?
Women’s lives tend to be structured around their husbands’ careers
How is there inequality in finance?
Inequality in how the family resources are shared out
What do Barrett and McIntosh note about domestic tasks?
Men gain more in women’s domestic tasks than what they give back in financial support
What do Barrett and McIntosh note about spending?
Men make decisions about spending on important things
What do Barrett and McIntosh note about women?
Financial support that women do is unpredictable and often comes with strings attached
