HREQ 3762 Lecture Notes - Lecture 4: Mixed Model, Parental Leave, Decommodification

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Issue of what a wage should cover is a social constructed notion. Push of women to join market to replace men in the military. Increasingly, there has been a need for 2 adult incomes to keep up with the living costs to support a household. Keynesianism to neo-liberalism: keynesianism belief stagnation of male wage, assumption that wage increase would trap increases in growth of economy has been detached. Bundling effect high wage people marry high wage people people tend to marry within their class. Ratio of youth population plus senior population to working age population. If you have high ration of people who are not within the working age then you have a problem of how children and seniors are going to be supported. During baby boom era high ration of dependent children in labour market: youth 0 to 19, senior 65 and over, working age 20 64.

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