Summary for chapters 3,4,5 from (The Economics of women,men,and work) Assignment

Summary for chapters 3,4,5 from (The Economics of women,men,and work) - Assignment Example In this book, Chapter Three is all about family as an economic unit where the lesson tries to throw light on the changes that occurs after the marriage in the couple’s life and the changing family structure. The chapter tries to focus on the implications that these changes have on the market outcomes and new data on the allocation on the housework between the men and the women. The family is such a unit where the adult members are held responsible to make informed as well as rational decisions which will help to maximize the well being of the family. It has been frequently the case that women are more productive than men in home and men are more productive in the market. The main reason behind this is that both men and women are traditionally raised with different expectations. Moreover both the sex receives different education and training. It has also been found that women are basically discriminated in the labor market and it is because of this discrimination that the marke t earnings of the women are lowered as compared to men. The chapter tries to explain the importance of both spouses being employed in the family. If one of the spouses becomes unemployed then the earning of the other would be beneficial in these regards to cover at least the household expenses. After the marriage the complete picture changes and the change is found in the lives of the coupled family. The most affected factor is the income of the family. There is increase in the expenses of the family and men are held responsible for it. Employed women show less interest in the household work and are also characterized to be more educated then men. Allocation of time among the households and the labor market hold optimum importance in Chapter Four. In this chapter, the author tries to thoroughly review the trends in the labor supply of women and men to the market. The lesson wants to focus on the participation of