An Important Demographic Change That Has Affected Labor Supply Over

question 119

True/False

An important demographic change that has affected labor supply over the past three decades has been the increasing participation of women in the labor force.

---

Definitions:

Occupational Prestige

The perceived status or respect associated with various professions by society, often influenced by factors like education, income, and perceived impact.

Income

The financial gain obtained from work, investments, business, or other sources, typically measured over a certain period.

Single Generation

A reference to individuals born and living in the same time period, sharing similar age-related cultural experiences and characteristics.

Modest

Exhibiting behavior or appearance that is reserved, unassuming, and not seeking to attract attention.