W1 demographic change

Question 1

what happened in mean age of marriage?

Answer 1

getting older
1950 M for 27, F for 25
2010 M for 30, F for 30

Question 2

what happened in birth rate?

Answer 2

decline

Question 3

what happened in unemployment rate?

Answer 3

hit the peak in 1930, then down peak in 1960, and go up again

Question 4

what does Easterlin (1978, 1987) says?

Answer 4

if you are in a bigger cohort, you’de be

• more competitive in job market
• more ppl in a class
• wages are lower
• promotion is also slower
• -> greater economic stress for young men that can cause…
• postpone of your marriage
• more young women in job market (because it all depends men whether they can get money for the family or not)

–> it’s like a cycle over 40years lenghth

Question 5

why the Easterlin’s cycle did not happen before? (2 reasons)

Answer 5

• immigration control was more rough
• -> neutralize the joy of small cohort

-relatively stable economic rate before 1940s

Question 6

what’s becker statement regarding to marriage?

Answer 6

marriage is a voluntary system where women devote their time and men do their money

Question 7

what is the main result in behaviour due to the one child policy in China by Cameron et al (2013)?

Answer 7

they tend to take less risk in labour market, less trustworthy, less trusting, less competitive, more pessimistic