Question
(3) The labour force participation rate of women in Canada has increased dramatically over the last fifty years. a. What types of factors may have
(3) The labour force participation rate of women in Canada has increased dramatically over the last fifty years.
a. What types of factors may have changed over this period and contributed to this increase? Draw a diagram that illustrates the participation decision, and then make a list of all the things that could theoretically change, and that would lead to an increase in the probability that a woman participates in the labour market, e.g. change in wages, unearned income, preferences, time constraints, etc.
b. For each type of factor in (a), illustrate how a change could increase women's labour force participation.
c. Which of these factors have been the most important causes of the increase in women's labour force participation, in fact? (Hint: this issue is discussed in the textbook).
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