The Standard Economic Theory ( Robbins ) - 3306 Words

Traditionally, standard economic theory (Robbins 1930) dictates that time-use is allocated between labor and leisure; however, Kimmel and Connelly point out this model simply does not hold true for mothers. Kimmel and Connelly posit that mothers presumably face another category of household work, separated into caregiving time and household production. Kimmel and Connelly modify this economic model to expand the time-use choices of mothers to include five various categories: labor (paid market work), leisure, home production, caregiving time (parental childcare), and other (sleeping, education, etc.—which will be ignored from here on out since personal care time is too diverse to calculate). The distinction of household work into two†¦show more content†¦. .† which causes mothers to allocate more time to childcare than household production (p. 667). These findings open up discussion of mothers’ time-use as it relates to the price of childcare, which would have important considerations and implications for policymakers. Hoffman examines the effect of children and marriage on women’s labor force participation between the years of 1984 and 2004 using data from the Current Population Survey (CPS). The data is valuable since it looks at the same years as recent work by Boushey of the Center for Economic and Policy Research, which suggested that the negative impact of children on mothers’ labor force participation has actually declined. Moreover, the sample sizes analyzed by Hoffman are large varying between 56,000 and 70,000 women 25-44 years old. Using a regression analysis, Hoffman’s various models allow for the interaction of marriage with children with the year to be taken into account. Hoffman is thus â€Å"able to compare the labor force participation of single women with children to single women without children . . . and married women with children to married women without children† (p. 8). Hoffman concludes that the negative impact of children on women’s labor force participation is almost the same as it was back in 1984 in that â€Å"children reduced the labor forceShow MoreRelatedWhat was Frederick Taylors most significant contribution to management?1185 Words   |  5 Pagesvarious wage and bonus incentive plans, an array of techniques for measuring work input and output, and an ideology of authority in organisation. Understandably, this new core and field of management has attracted many critics who claimed that the theory dehumanises and exploit workers. However, Taylors impact on management cannot be denied. Many current management practices are influenced and guided, either consciously or subconsciously, by these traditional concepts. 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