Exploring Macroeconomics
Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
Question
Book Icon
Chapter 1, Problem 1P
To determine

The explanation of the pattern of falling birth rates as incomes and economic opportunities for women have increased.

Expert Solution & Answer
Check Mark

Explanation of Solution

As countries develop, the economic and social betterment takes place. In previous times, women were considered more appropriate for taking care of household chores and bearing & rearing children. Consequently, women were not active participants in the job market and since women were at home for childcare, the birth rate was naturally high.

However, since now women have more economic opportunities available, they take up jobs and bear lesser number of children.

One plausible explanation for this can be the costs associated with child care. If a woman is working, she must pay for child care facilities. Thus, in this case there are additional costs of having a child. Therefore, she might decide to have lesser number of children or not having them altogether.

This explains the economic rationale for the pattern of falling birth rates as incomes and economic opportunities for women have increased.

Economics Concept Introduction

Birth rate: Birth rate is defined as the number of live births per thousand of population in a country in a year.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
I need typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with diagram
F.C. Barcelona (B) operates in the market of blue and red footballs. Crystal Palace (C) is wondering whether to enter the market or not. The demand in this market is given by D(Q) = 70 - Q, where Q = qB+qc. The production cost is given by TC(q) = 11q + q, and the entry cost of Crystal Palace is 2. What is the limit output? Answer:
A monopolist sells a good with network externalities.A continuum of (potential) consumers are uniformly located on the interval [0,1]. The utility of consumer i, located at x;, has utility U; = 2(n + 2)(100 x;) - p if she buys the good and 0 otherwise. - Find the quantity sold at price p = 594 in the stable equilibrium (with striclty positive consumption). Answer:
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,