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Welcome to Econ 325 Economics of Gender

Explore the gender differences in labor force participation rates, unemployment rates, and employment rates. Analyze the factors influencing these trends and discuss the implications for gender equality in the workforce. Use empirical evidence from credible sources.

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Welcome to Econ 325 Economics of Gender

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  1. Welcome to Econ 325 Economics of Gender Week 4 Beginning February 14

  2. Wednesday, February 14 • Paper topic is due Friday • Gender differences in a field of study • Gender differences in an occupation • Gender differences in a country of your choice • Gender differences in programs such as welfare, pension plans, social security, ... etc. • I need • A complete description of your topic • At least 2 resources • At least one source will be where you will get your numbers (empirical evidence) from • You will lose points if you have to change your topic because of lack of data

  3. Leadership Q & A • Steve Forbes • Next Tuesday (Feb. 20) • 2:00-3:00 p.m. • McDonough Auditorium • I will give bonus points to the best questions • Characteristics of a good question • Relevant to Forbes’ economic proposals • Well researched • Well articulated

  4. Return and discuss Exam 1 • Note • If comparative advantage • then benefit from household formation. (always) • Due to the small size of this class • I will not publish your grades on line.

  5. For Friday • Paper • Study PP 85-96 • ICA • Read • The rest of Chapter 4

  6. Friday, February 16 • Collect paper • Make an appointment to talk to me about your paper • Next task • Observed similarities and/or differences • Due: March 9 • 20 points • Study Chapter 4

  7. Leadership Q & A • Steve Forbes • Next Tuesday (Feb. 20) • 2:00-3:00 p.m. • McDonough Auditorium • I will give bonus points to the best questions • Characteristics of a good question • Relevant to Forbes’ economic proposals • Well researched • Well articulated

  8. ICAAre the following statements true or false? 1) The labor force consists of employed workers only. 2) According to the U.S. Census Bureau you must work 35 hours or more per week in order to be considered a full-time worker. 3) Workers who are on strike are not considered to be employed by the U.S. Census Bureau. 4) The U.S. Census Bureau classifies those who would like to work but have given up searching as unemployed

  9. The Labor Force (Chapter 4) • Who is Employed (E)? • 16 or older • Worked for pay or profit at least one hour /week • Or, had a job from which he/she was temporarily absent • Or, worked in a family business for 15 hours per week or more without pay

  10. Who is unemployed (U) • 16 or older • and does not have a job • and actively looked for a job within four weeks before the week of survey

  11. Labor Force (LF) • LF = U + E • Labor Force Participation Rate (LFPR) LFPR = LF /Over 16 population • Unemployment Rate (UR) UR = U/LF • Employment Rate (ER) ER = E/LF

  12. Example During the reference week • Population of adult women = 20,000 • 5000 are employed full-time • 2000 are employed part-time • 4000 are looking for job • LFPR among women =? • UR among women = ?

  13. Trends in Labor Force Participation • Table 4.1 • Figure 4.2 • Table 4.2 • Figure 4.3 • Figure 4.4

  14. Other definitions • Labor Force Experience Rate (LFER) • percentage of adult individuals who were in labor force at some time during the year • Labor Force Turnover Rate (LFTR) • LFTR = (LFER – LFPR ) / LFPR

  15. Example (Continued) • During the entire year • Population of adult women = 20,000 • 12,000 were employed or actively looked for a job at some point of time during the year • LFER = ? • LFTR = ?

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