ECON 211 Lecture Notes - Lecture 5: 20Th Century Women, Comparative Advantage, Leptin Receptor
Document Summary
Resulted in increased number of women entering labor market: women"s lepr was still low until 1940s. Lack of part time jobs: 1940"s. Shortage of single female workers: low birth rates in 1920"s and 1930"s, increase in education, women marrying at younger ages. Pulled married women into labor market: occupations and earnings of women in 19th/early 20th century. Professional: men- managers and proprietors, women- teachers and nurses. Growth of female clerical employment: gender pay ration. Family as an economic unit chapters 3 and 4 in text. The simple neoclassical model: specialization and exchange: ef cient and can lead to higher levels of production. Main bene t of traditional family structure: assumptions about the family: Decisions result in maximized utility or well being of unit. Selects best combination of commodities (food,clothing,entertainment) restricted by income. Family must also decide how time is spent: market labor brings income, time at home is spent on housework or leisure.
