Economics of Race and Gender Assignment Example | Topics and Well Written Essays - 750 words - 2

Economics of Race and Gender - Assignment Example The assignment "Economics of Race and Gender" analyzes several chapters from the book "The Economics of Women, Men, and Work" regarding the issues related to the changing work roles and family formation and current changes in most American families and their consequence to the families. Since the ancient days, the role of women has been limited to household chores. The responsibility of women in the society was considered to revolve around taking care of children, tidying houses and taking care of the house when the husband was away. Women not considered making any meaningful economic contribution. Hence, those who had the potential to be engaged in economic activities were locked out in the rat-race. The role of women has changed as some of them have secured jobs initially dominated by male. Additionally, most are currently being formed due to economic reasons. The GDP of most couples may be higher than income generated by a single person. Furthermore, most couples prefer to be married in affluent families in order to overcome some of the economic challenges. Marriage, divorce, and fertility rates have economic consequences. They contribute either positively or negatively to the economy. Most of the families are currently witnessing changing family structures. The divorce rate in the US has been rising sharply in the current years. Furthermore, a majority of those who are unmarried have started preferring to maintain their single status. The above demographic issues affect the status of an economy.