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Describe how each one of these recent trends in labor markets might reflect allocation of labor
supply responses -- labor force participation or desired work hours (applying the net substitution
and income effects, reservation wage rates, nonwage income):
C) Increasing rates of labor force participation among women with young children, for three
decades, then leveling off constant for the following two decades.

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  • 1. Describe how each one of these recent trends in labor markets might reflect allocation of labor supply responses -- labor force participation or desired work hours (applying the net substitution and income effects, reservation wage rates, nonwage income): C) Increasing rates of labor force participation among women with young children, for three decades, then leveling off constant for the following two decades.