assignment 2 - Lauren Hanrahan ECO 350 Assignment 2 Due:...

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Lauren Hanrahan ECO 350 Assignment 2 Due: 12/7/2010
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Mark and Mary are incurring a situation that many couples go through. They both have equally demanding jobs and earn roughly the same salary. When Mark and Mary experience their wages of 80,000 dollars jointly, they also experience a higher income. With a higher income, there is more freedom to do what you like. Though some believe that women are pushed into the workforce because their husband’s salary is too small, Mary very much enjoys her job and would like to put her college degree to good use. She enjoys her job, and would like to advance in it. They currently have no children to worry about, so they have a lot of leisure time and extra money to partake in activities they enjoy. Their bargaining power is the same, considering that neither partner has a higher income. Neither Mary nor Mark has a higher say or bargaining power over the other. They are currently a fairly equal couple, both splitting the duties around the house, and performing household chores when they are free. Mark and Mary
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This note was uploaded on 04/05/2011 for the course ECON 350 taught by Professor Kilborne during the Spring '10 term at Grand Valley State University.

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assignment 2 - Lauren Hanrahan ECO 350 Assignment 2 Due:...

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