Discuss a detail summary of chapters 3, 4, and 5 in the book The Essay

Discuss a detail summary of chapters 3, 4, and 5 in the book The Economics of Women, Men, and Work, Blau, Ferber, & Winkler, 6 - Essay Example In this book, the gender roles and issues has been covered extensively in both the workplace and the family as one economic unit, shifting roles in this varying economy, the distribution of time to the workplace and the family, and the gender differences in diverse economies. In this book, the excellent picture of the dispersion of gender in an average family structure and the working culture is manifested. This is one of the most famous and popular books on the subject of socio-economic science, which have been of great help to the study of the scholars as well as educating the general people. In this paper, we are going to look at three specific chapters, viz. chapter 3, 4 and 5, from the book. These three chapters teach about the family as an economic unit, allocation of time between labor market and family, and an overview of differences in occupations and the respective earnings. Chapter 3: Family as an economic unit In the chapter three, the most important subject of discussion was the neoclassical economics. Neoclassical economics deals with the theory that economic constraints actually lead to sustained and steady growth, where the ratio of the capital to every micro economical unit is constrained. In this case, we are talking about the family economic unit. Along with that, topics of specialization and exchange have been conferred in detail. The chapter has also shown the economic consequences of marriage along with the various ways of how a family can work to maximize their economic bargaining power. This chapter deals with sociology, psychology and economics in a household, and provides a great depth into the workings of the regular life. Chapter 4: Allocation of time between family and workplace In the fourth chapter, it starts discussing with the definition of labor market, types of labor market, dispositions of any labor market, and the general work culture. It also discussed various issues such as the market time, the non-market, their significan ces, their advantages and disadvantages, and their effect on the household life. Labor working hours trends have been dedicated a full section for this purpose. But the primary focus of this chapter is the surge of women in the labor force. It started during the World War II, and since then, the general gender structure in an ordinary workplace has tremendously changed over the time – married mothers with older children after the World War, married mothers with younger children in the 1960s-80s, and single and unmarried women in 1990s-2000s. It has taken a huge leap towards the liberalization and increased participation of women in the work force. Even the employment disparities of the black community are discussed in detail. Chapter 5: Differences in occupations and the respective earnings Although the name of the chapter gives an impression that it is focused on the various occupations, and the possibilities of income respectively, the chapter deals with something more than that. It starts with the definition of human capital, and then steers off to the gender biases in the field of human capital investment. Whether in the field of education, job trainings or occupations, there have always been significant biases against certain genders. In this chapter, it strives to throw light on that aspect of education and occupation. Though it can be said that the most part of the chapter