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WISE 2P86 2011 Spring Chapter 4

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Brock University
Women's and Gender Studies
Indra Hardeen

Chapter 4The allocate of time between the householdlabour market One of the most significant economic and social developments post world war II has been the rapid growth in womens labour force participationFemale labour force participation rates have been increasing while male rates has been decliningLabour force includes all persons who are either employed or unemployedEmployed the number of persons 15 years of age and older who have jobsUnemployed the number of persons 15 years of age and older who are not employed and who are actively searching for a jobLabour force participation rate is equal to the number of people in a particular group whose members are in the labour force divided by the total number of people in the groupTrends male participation rates began to decline in the 1950s from 86 in 1950 to 74 in 2003In US 3 out of 4 people thrown out of work since the man cession began haven been male structural change women takeover certain males workWhen physical strength mattered more men had an advantageDue to the relentless rise of the service sector and the decline of manufacturing women have advantageTrends labour force attachment contributed to labour force participation rate for womenTrends the length of the workweek generally decreased for employees with less than a high school education and increased for those with a postsecondary educationLabour supply decisionHow does an individual allocate his or her time between the home and the labour marketIndividuals decide whether to participate in the labour force by comparing the value of their time in the market given by their hourly wage rate w to the value they place on time spent at home wIf the value of time in the market is greater than the value of time spent at home ww they participate in the labour force
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