Family1
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The document discusses economics concepts like opportunity cost and rational decision making. It provides statistics on labor force participation rates in the US over time, showing they were 16.7% in 2005. It also summarizes research on the historical experiences of college-educated women in the first half of the 20th century, noting that combining work and family became more common over time.
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This document discusses reasons for wage differentials between similar jobs and workers. It explores factors like education, skills, experience, job characteristics, firm size, geographic location, and discrimination that can influence wages. Specific data is presented on average wages by occupation from 2007, highest paid CEOs in 2005, and hourly earnings by occupational group from 2006 to illustrate wage differences. Human capital theory is discussed as well as compensating differentials, prospects for wage growth, and costs of job search, monitoring and mobility.
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Trade unions in India organized strikes to protest government policies seen as anti-labor. Issues included pay raises, inflation, social security for informal workers, and proper implementation of labor laws. Different unions marched to Parliament to protest issues like price rises, FDI in retail, and non-implementation of social security and labor laws. Wage differentials exist between industries, regions, occupations, and sectors due to factors like skills, costs of living, and levels of development. While laws aim to reduce disparities, gaps remain such as between organized and informal sector workers.
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- The fears expressed by Bonny Tucker's parents were well-founded, as thousands of Aboriginal children were taken from their families under practices like the Stolen Generations. This caused immense trauma and loss of culture.
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This document discusses several factors that have impacted male and female labor force participation rates in the United States over time. For males, rising real wages, social security/pension benefits, and disability benefits have encouraged earlier retirement from the labor force. For females, rising real wages, changing social attitudes, technology improvements in household production, declining birth rates, rising divorce rates, and expanding job opportunities have all contributed to rising participation rates in the labor force.
Family7 Ineq
The document discusses income inequality and the government's role in addressing it. It provides data showing disparities in income distribution in the US and how government taxes and transfers help reduce inequality. It also examines causes of inequality like differences in skills, education and household size, and debates around minimum wage laws and welfare programs.
Family5 Humcap
Investing in education can be analyzed as an investment in human capital that yields future returns. While education improves individual productivity and earnings over a lifetime, it also provides benefits to society. Whether the investment in education is worthwhile depends on comparing the present value of future higher earnings to the costs of education using an appropriate discount rate. Both private and social returns must be considered.
1 Intro
The document provides an overview of the rise and fall of the Soviet Union, beginning with its formation in 1922 following the Russian revolutions of 1917 and ending with its collapse in 1991. It discusses the communist ideology that drove the Soviet system and its expansion across Eastern Europe during the Cold War era. It also examines the Soviet economy, standards of living, and decline in the later decades under Gorbachev's reforms of perestroika and glasnost.
8 Trans2
The document summarizes key economic challenges faced by post-Soviet states following the dissolution of the USSR in 1991. It discusses the recession in these countries due to factors like cuts to subsidies and declines in population income and trade. It also examines issues like high interest rates, lack of financial markets, monetary policy, defense spending cuts, and the shift from military to civilian production.
9 Oil
The document provides information about Russia, including:
1. Russia has a land area 1.8 times the size of the US spanning 10 time zones, with a population of 143 million that is mostly Russian (80%) and also includes Tatars, Ukrainians, and others.
2. Russia has abundant natural resources like oil, natural gas, coal, and minerals, though most are located in remote areas. Today Russia's economy centers around oligarchs and the oil/gas industry.
3. Russia has large proved reserves of oil and natural gas, and is the world's largest exporter of natural gas and second largest exporter of oil. It uses its energy resources as a foreign policy tool.
3 Stalin
The document provides a timeline of key events in USSR history from 1861 to 1991, including the end of serfdom, revolutions, civil war, formation of the Soviet Union, World Wars, Stalin's regime and industrialization policies, Khrushchev and Brezhnev's regimes, Gorbachev's perestroika reforms, and the collapse of the Soviet Union. It also discusses Stalin's first five-year plans and policies of rapid industrialization, collectivization of agriculture, and repression through purges and the Gulag system.
2 Revolution
The document provides background information on the creation of a centrally planned economy in the Soviet Union under Lenin and Stalin between 1917-1928. It discusses the transition from the New Economic Policy (NEP) in the 1920s which allowed some private enterprise, to collectivization of agriculture and rapid industrialization under the first five-year plan beginning in 1928. This resulted in forced collectivization of agriculture and high human and economic costs but helped the Soviet Union develop an industrial base.
4 Plan
The document summarizes key aspects of the Soviet centrally planned economy, including its large scale, institutions, material balance planning process, price system, incentives and shortcomings. It describes the Soviet economy as consisting of over 40,000 state-owned industrial enterprises and farms centrally directed by government ministries to fulfill output plans using input allocations. Prices were set administratively and did not reflect supply and demand, leading to shortages, low quality and misallocation of resources.
5 Reform
The document summarizes economic and political developments in the Soviet Union and Eastern Bloc countries from the 1960s through the 1980s. It describes reforms to foreign trade in the USSR, the role of COMECON in intra-bloc trade, and economic growth slowing in the USSR. It also briefly outlines the political and economic systems in other Eastern European countries like East Germany, Poland, Romania, and Albania during this period.
7 Transition
The document discusses the economic transition of post-Soviet states from centrally planned economies to market economies in the 1990s. It describes the severe recessions experienced by many countries, with GDP declines greater than during the Great Depression. It also outlines the challenges faced, including establishing new currencies, privatizing state assets, implementing structural reforms, and dealing with the consequences of rapid liberalization like hyperinflation and barter economies in Russia.
6 Collapse
The document discusses and compares command vs market economies, specifically focusing on the Soviet Union. It makes three key points:
1. The Communist Party claimed legitimacy based on ensuring security, economic growth, and social justice. However, the Soviet military was unable to match the US, economic performance lagged the West, and greater social justice was not achieved.
2. Gorbachev's reforms in the 1980s (perestroika and glasnost) attempted but failed to make the communist system work through decentralization, private enterprise, and foreign investment. Reforms were not comprehensive enough.
3. By 1991, the Soviet Union was experiencing high inflation, budget deficits, production declines, and loss of
10 Russia Current
The document summarizes economic forecasts and key issues for Russia from 2008-2013. Real GDP growth is expected to be moderate, with consumer price inflation decreasing annually. The budget and current account deficits are projected to shrink over time. Challenges include reducing political uncertainty to attract more foreign direct investment and developing market-oriented legal and political institutions.
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- 1. Economics of Gender, Race, Family Victoria Vernon, Ph.D Empire State College Lesson 1: Trends, Definitions
- 2. Changes for Women, 1960-2000
- 3. Changes for Men, 1960-2000
- 4. 16.7 in 2005
- 11. Labor Force Participation Rate LFPR = Number of people in the labor force (those working or looking for work) Noninstitutionalized working age (age 16 and older) population * 100% For example, in February 2007: LFPR = 152,784,000 230,834,000 * 100% = 66.2% Labor force = employed + unemployed Unemployed = people actively looking for work
- 13. Labor Force Participation Rates
Editor's Notes
- 08/31/09
- 08/31/09