--%>

Rise in participation of women in the workplace

Which two of the six reasons listed in the Last Word do you think are the most important in explaining the rise in participation of women in the workplace? Explain your reasoning.

E

Expert

Verified

A poll taken in a class of 60 college freshman gave the first three reasons (women's rising wage rates, changing preferences, attitudes and expanded job accessibility) nearly all the votes.  Each of these explanations received about one third of the votes.  Surprisingly, not a single student voted for “declining birth rates” as a reason for the rise in the number of women in the workforce. The consensus of the class was that the last three explanations were the effects, rather than the cause of more women joining the workforce.  Because wage rates are higher the opportunity cost of raising children has risen.  Women have chosen to bear few children since they are currently more expensive.  Similarly, women who have a higher earning capacity find the opportunity cost of getting a divorce reduced.  Finally, male earnings may have stagnated partially because of the entrance of large numbers of well-educated women into the workforce which increases competition for existing jobs.

   Related Questions in Business Economics

  • Q : Production possibility frontier

    Question: Scenario: You have been hired as the economics adviser for the newly elected State Premier. On your first day, the Premier introduces you to the new Minister for Health

  • Q : Describe what do you mean by European

    Describe what do you mean by European Union (EU)?

  • Q : Opportunity Cost Opportunity Cost :

    Opportunity Cost:Whenever you select a particular alternative, the next best alternative should be given up. For illustration, when you desire to watch cricket highlights in T.V., you should

  • Q : What problem does barter entail What

    What problem does barter entail?

  • Q : Describe the Personal distribution of

    Describe the Personal distribution of income?

  • Q : Price competition My friend can't

    My friend can't succeed to get the answer of this question. Give me solution of this question. From a heterodox perspective, why does destructive price competition drive enterprises to set up market institutions which would abolish price competition?

  • Q : External factors which influencing the

    Write down the external factors which influencing the capital structure?

  • Q : Utilization of resources in production

    The points on a production possibilities curve communicate to combinations of goods which: (1) Can’t be generated with no technological advances. (2) Utilize all resources fully and efficiently in the production. (3) Can be generated, however use economic capaci

  • Q : High-convexity portfolios outperform

    a) Whether the bond market moves up or down, high-convexity portfolios will for all time outperform low-convexity portfolios of equal duration and yield." Elucidate the argument supporting this statement and the connection to the classical immunization strategy. What

  • Q : Nature and Scope of Economics Nature

    Nature and Scope of Economics: Introduction Economics is a social science that