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Because of the covid-19 lockdowns and school closures, working parents needed to alter their labor supply so they could supervise their children's virtual learning. Suppose
Because of the covid-19 lockdowns and school closures, working parents needed to alter their labor supply so they could supervise their children's virtual learning. Suppose mothers were more likely to take time off on average, compared to fathers.
(1.) What might this mean for wages of working mothers, in terms of a compensating differential for flexibility? Explain.
(2) What might this mean for the wages of women hired in the next few months, in terms of statistical discrimination based on quit rates? Explain
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