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How does an economist discuss being a religious minority in America? Prof. Carmel Chiswick returns to the podcast to discuss her new book “Judaism in Transition.” Using the tools of economics — particularly the concepts of full price, time costs, and human capital — explains the challenges American Jews face in a Christian culture and how Judaism has changed over time to reflect responses to various costs and benefits. We also talk about some of the newer demographic challenges facing Jews, including intermarriage, later marriage, and empty nesters.

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Carmel Chiswick (University of Illinois, Chicago and the George Washington University) discusses the economics of American Judaism, showing how higher wage rates and the “cost of time” shaped the way that Jewish immigrants practiced their faith. We look primarily at the German and Russian/East German Jewish immigration of the 19th century and how the socio-economic circumstances of those groups shaped the Reform and Conservative Jewish movements. Our conversation also covers the issues of immigration, education, and assimilation, ending with a discussion of what America Judaism looks like today, what it is likely to become, and how it is influencing Judaism worldwide.

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