Labour Market Restrictions and the Role of Preferences in Family Economics
“The economic approach contributes important insights toward explaining the large decline in birth rates during the past 100 years, the rapid expansion in the labour force participation of married women after the 1950s, the explosive advance in divorce rates during the past two decades, and other major changes in the family. Family economics is now a respectable and growing field.” (Becker, 1988, p. 3).
KeywordsLabour Supply Labour Force Participation Price Effect Fertility Decline Fertility Decision
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