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         ASUC Lecture Notes Online is the only authorized note-taking service at UC Berkeley. Do not share, copy or illegally distribute (electronically or otherwise) these notes. Our student-run program depends on your individual subscription for its continued existence. These notes are copyrighted by the University of California and are for your personal use only.          Sharing or copying these notes is illegal and could end note taking for this course. Announcements If you lose your clickers there is a lost and found here in Haas in the mail room S545 on the fifth floor of the Student Services Building. I have synchronized the registration with the roster for the class. Some clickers are in use but are not yet registered. Whenever you register, all your earlier iClicker responses before registration will be linked to your name. I am still trying to get it on bSpace so you can confirm your information is with me. Office hours will be held this week at the usual time even though the syllabus says there will not be any. Reading for Thursday: -Gary Becker: “The Demand for Children” -T. Paul Schultz: Economics of Population -Start reading James Feyrer, Bruce Sacerdote, and Ariel Dora Stern: “Will the Stock Return to Europe and Japan…” Outline 1. Background on family change 2. Theory of marriage 3. Theory of divorce Marriage and Divorce Background One of the most striking trends in the industrial world is that marriage is happening later, less frequently and more likely to end in divorce, and more births are outside marriage (40% of births). Graph: Converging Economic Lives of Men and Women, 1960 to Present . We see different categories represented as a ratio of female to male. In the category of median earnings we have seen a gradual increase in the ratio. Not all of this difference necessarily reflects discrimination. It may represent women leaving the work force to raise children and thus not making as much as men. The ratio for the proportion of female to male college graduates started at about .6 in 1960, but there has been a big increase and now it is about 1 or slightly above. Labor force participation rates started near .46 and are now at about .84, a huge increase that is partially due to the fact that male participation has come down a bit. “Average earnings” is a combination of labor force participation, how many participants are working full time and how much people are paid. The ratio started at about .23 and now it is about .56, which is still not that high, but it has more than doubled in the past 40 years. These are underlying economic trends that feed into the economic theories of marriage and divorce.
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This note was uploaded on 01/28/2010 for the course ECON 175 taught by Professor Lee during the Spring '08 term at University of California, Berkeley.

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lec7 - ASUC Lecture Notes Online is the only authorized...

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