5.WomensLaborSupply_10

5.WomensLaborSupply_10 - 5 Modeling Female Labor Supply and...

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Unformatted text preview: 5. Modeling Female Labor Supply and Female Labor in Economic Development Ronald Lee Econ/Demog 175 February 2, 2010 iClickers • I cannot synchronize the class roster with the iClicker registration until everyone has used their iClicker at least once. • Please make sure to use your iClicker today. • Please make sure you have registered today. • If your serial number is invisible and I have not yet given it to you, please see me right after class. Announcements • PS2 is posted on bspace and is due on 2/16 (Tue) by 2:10pm. • Regular sections will be held this week. – Topics: PS1 questions, fertility & mortality measure, labor/leisure model (in prep for PS2) – See bspace for times and locations • Check bspace for GSI OH this week Reading for Thursday (assigned for today, but we won’t get to) • Claudia Goldin (2006) “The Quiet Revolution that Transformed Women’s Employment, Education, and Family” American Economic Review 96(2):1-21. The Ely Lecture. Pages 135-155 in reader. Readings for next Thursday • Michael J. Brien and Michelle E. Sheran (2003) “The Economics of Marriage and Household Formation” in Shoshana A. Grossbard- Shechtman ed. Marriage and the Economy (Cambridge University Press) pp.37-54. ( 157- 175 ) • Evelyn L. Lehrer (2003) “The Economics of Divorce” in Shoshana A. Grossbard-Shechtman ed. Marriage and the Economy (Cambridge University Press) pp.55-74. ( 177-197 ) Lecture plan for today • Diagrammatic analysis of the standard labor supply model (Pindyck and Rubinfeld reading) – Budget constraint – Indifference curves – Effect of higher non-wife income – Effect of higher wife’s potential wage – Effect of high vs low fertility • Women’s Work and Economic Development (Mammen-Paxson reading) II. Model of Labor Supply (cont.) Indifference map of utility L = leisure C=cons Every point on the graph corresponds to some level of C and L. The contours connect all the combinations of C and L that yield the same utility. The contours (indifference curves, because a person would be indifferent between any combinations on the curve) could be calculated from some given utility function, but here I just drew them freehand. Indifference map of utility L = leisure C=cons These indifference curves have some important properties. They cannot cross, because that would mean that a person was indifferent about having more or less of both C and L, which contradicts the assumption that it is always better to have more of one. For the same reason, they must always decline going to the right, and rise going to the left. Indifference map of utility L = leisure C=cons Indifference curves farther from the origin (to the right and up) have higher utility. Q1. The sex ratio declines at older ages in China, from about 1.0 at age 70 to about .4 at age 90. The main reason is: A. Women marry men who are a few years older, on average....
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This note was uploaded on 02/01/2011 for the course ECON 175 taught by Professor Lee during the Spring '08 term at Berkeley.

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5.WomensLaborSupply_10 - 5 Modeling Female Labor Supply and...

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