ECN 512 Lecture Notes - Lecture 4: Demand Curve, Opportunity Cost, Budget Constraint
Document Summary
The effect of children on labour force participation rates of mothers has diminished over time. The interaction between presence of children in a household and marital status affect participation. A cohort is a group of people who enter a stage of life in the same time: for example, birth cohort or university cohort, usually 5 years. Anyone who is employed or seeking employment. Anyone actively looking for job (4 weeks time period) Labour force participation rate: (labour force / population) x 100. Female labour force participation rate is female labour force divided by female population times 100. Unemployment rate: (unemployed and/or actively looking for jobs) / labour force ) x 100. Explanations of the rise in women"s labour force participation: demand-side factors. The general rise in labour demand: wages increase. Explanations of the rise in women"s labour force participation: supply-side factors.
