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27 June, 2011. Explain under what conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework? There are certain conditions which render it quite suitable for a much earning woman to specialize in housework…
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27 June, Explain under what conditions it would be rational for a woman who could earn more than her husband in the labor market to specialize in housework? There are certain conditions which render it quite suitable for a much earning woman to specialize in housework. One of the conditions can be when the woman makes housework a source of income in itself. This is quite possible and many women are earning a lot from this. This can be achieved by attaining excellent culinary skills, and advertising them so as to promote them for a handsome compensation. However, not always can a woman be fortunate enough to integrate her hobby into her profession. in a vast majority of cases, families with dual working partners put a lot of burden upon the woman. This is because of the fact that a woman’s real job is thought to be managing household, and her contribution in the labor market is not acknowledged. Instead, she is expected to do it in addition to, if she can manage, her fundamental job at home. Thus, if a woman’s marital life gets disturbed and the husband is not ready to compromise, she should rather specialize in household because this is what societal norms require of her. Why have women been so eager to increase their participation in the labor market, and why have men been so reluctant to increase their participation in housework? Women have always been underestimated by men that happen to be the stronger gender on physical grounds. There is no doubt in the fact that nature has vested delicacy in women as opposed to strength in men, though the lack of physical comparison has been misinterpreted by many men who also do not consider women brainy enough to compete with them in the labor market. On the other hand, lack of physical strength equal to men has inculcated a desire in women to prove that things are different on other scales of comparison. Both of these factors have mutually ignited an urge in women to participate in the labor market. On the other hand, men show reluctance in participation in housework because housework does not accord with their natural taste, talent, and/or physical structure. Besides, activities like cooking, washing and babysitting have been conventionally associated with women and with the passage of time, women have developed competence in these works. Thus, housework is not consistent with the masculine nature and physique and also, men do not feel competent enough to do justice with the works involved therein. What is a "bargaining approach" to decision making? Why is this approach more realistic than the standard neoclassical model? The conventional approach to the decision-making pertaining to household expects the two partners to mutually work for the achievement of objectives of mutual interest. In such a neoclassical approach, the two individuals pool up their individualistic earnings in an attempt to enlarge the utility function of neoclassical household which has the constraints of time and income. However, it is not very easy to achieve particularly when the two individuals have different utility functions. In order to settle things in such a case, the individuals refer to bargaining theory which allows differing utility functions and serves as a means of reconciliation. In the bargaining approach to decision making, the two individuals share certain responsibilities like children’s services. Thus, the utility both individuals attain from the bargaining approach removes the differences and promotes reconciliation. Since it addresses the individualistic differences of utility, this is what makes the bargaining approach to decision making more realistic as compared to the standard neoclassical approach. Read More
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