Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 16, Problem 7E
To determine
Comment on the affect of baby boom on labor force in post-World War II, also its effect on the future U.S. labor force
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
If wages are rising over time, what would you predict about the trend in the labor force participation for each of the two populations?
Why don’t wages measure the full return to labor? Why is human capital the most important factor of production in a modern economy?
If the labor force increased to 180 million and the working-age population increased to 300 million what would the labor force participation be? ____ percent.
Knowledge Booster
Similar questions
- Between 1980 and 2015, by how many percentage did the labor force participation rate of men change? women change?arrow_forwardShow graphically and explain how a rise in labor productivity affects the real wage rate.arrow_forwardWhich event helped to bring a large influx of American women into the workforce for the first time? a Industrial Revolution b Great Depression c Vietnam War d World War IIarrow_forward
- According to current research, which of the following can rationalize the increase in female labor force participation in the US between 1970 and 2000?A. A decrease in the gender wage gapB. A decrease in the cost of child-careC. Learning about the effect of mothers' participation in the labor force on childrenD. All of the abovearrow_forwardFor Catherine to be considered out of the labor force, she can be: temporarily absent from her job due to sick leave. working 15 hours per week without pay. a full-time student and is not looking for jobs. self-employed.arrow_forwardEmployment, unemployment, and the number of workers outside the labour force are the key flow variables in the labour market. True or Falsearrow_forward
- If birth rates go up, what happens to the size of the labor force in the future?arrow_forwardAccording to an article by the Wall Street Journal, the U.S. is at risk of running out of occupational therapists, railroad engineers, mathematicians, machinists and other workers. As a result, In the next 10 to 15 years, we expect U.S. employers to demand more labour than will be available, which will, in turn, constrain overall economic growth. On the top of that, U.S. president Donald J. Trump has put executive orders to ban nationals of selected countries from entering the U.S. Meanwhile, the top economic analysts and leaders believe that the country is going to strengthen and tighten its immigration polices to a much greater extent in the coming days. a) Referring to the above extract, briefly state in a line what do you think will happen to the U.S. labour market. b) With the help of appropriate diagrams, graphically show and briefly comment on what will happen to the U.S. real wage rate, labour hours and real GDP, due to the changes in the U.S. labour market that you stated in…arrow_forwardQ)If a country's working-age population declines and its wealth increases, then the labor supply curve a) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. b)shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. c)shiftsto the left. d)shifts to the right. What is the answer?arrow_forward
- if there is unemployment in the labor market, what would you recommend as a set of policies or programs to address such problems. Illustrate your recommendations geometrically (i.e., graphically).arrow_forwardthe ______ population = 200 million, the labor= 160 million, and employment= 140 million c) Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force? d) Starting from the situation in (a), what would happen to the labor force participation rate if employment rose from 140 million to 150 million?arrow_forwardParticipation in the labor force is much lower than it has historically been. How have government benefits, such as food stamps and housing subsidies, affected the labor-leisure choices of individuals?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc