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What Are the Usual Consequences of Divorce

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What are the usual consequences of divorce?

Understand the importance of human capital investment and its impact on the labor market.
Explore the reasons behind the changing levels of real wages in the United States.
Recognize the characteristics of monopsonistic employers and their impact on wages and employment.
Understand the dynamics of union membership and the trends affecting it overtime.

Definitions:

Social Comparison

Social Comparison is the process by which individuals evaluate their own abilities, qualities, and situations against those of others to form judgments about themselves.

Job Characteristics Model

A theory that proposes that the nature of an individual’s job or the characteristics of the work can influence their motivation, satisfaction, and performance.

Kelly's Covariation Model

A theory that explains how people attribute causes to events based on the consistency, distinctiveness, and consensus of the information available.

Internal Factors

Elements within an individual or organization that influence behavior, decisions, and outcomes, such as personal skills or organizational culture.

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