Why Does the Household Time Allocation Model Assume That the Male

question 6

Essay

Why does the household time allocation model assume that the male works full-time in-the labor market before the female enters the labor market?

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Definitions:

Marital Status

This denotes whether someone is married, single, divorced, widowed, or has another state of marital connection as recognized by law.

Income

Income refers to the money received by an individual or business for work, from investments, or from various sources over a period, typically used to fund expenses.

Wealth

An abundance of valuable possessions or money, or the total market value of all physical and intangible assets owned by an individual, community, company, or country, minus all debts.

Consumption

The use of goods and services by households, often considered as an economic indicator reflecting the level of consumer spending.